The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reacted over the fears of Nigerians on the scarcity of petrol product during the yuletide period.
President of the association, Mr. Chinedu Okoronkwo, has calmed the nerves of Nigerias during a media chat with journalist on Friday in Lagos.
He noted that the problem they were facing was the transportation of petrol product from the depot to another depot that is experiencing some bottle neck due to distance.
Okoronkwo maintained that marketers were afraid of bridging because they were not confident of getting paid due to the recent scrapping of the Petroleum Equalisation Fund. However, the president said that the issue had been resolved as NMDPRA had promised the marketers that they would be compensated for their services.
He said: “We met with Mr. Farouk Ahmed, Chief Executive Officer, NMDPRA and resolved the issue.
“What happened was that marketers were afraid of bridging; that is transporting petrol from the depot to another depot that is experiencing supply shortfall due to distance.
“They were not sure of getting bridging payments especially with the scrapping of the Petroleum Equalisation Fund.
“However, following the assurance by the NMDPRA, marketers have agreed to resume their normal operations so there will not be an issue of scarcity in any location.
“Now that the authority has allayed fears that government will pay marketers for bridging, pending full deregulation, normal operations will resume.
“So for instance if you are supplying products in Lagos and Port Harcourt that do not require bridging, then there is no need for any payment.
“Bridging is to bridge the gap between areas where there are products and those far from the depots.
“That was the outcome of the meeting and we have all agreed to the resolutions to enable smooth distribution of petroleum products ahead of the yuletide.”
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