to intervene and address the profiteering activities of depots owners under the umbrella of Depot and Petroleum Products Marketers Association of Nigeria .
However, the two IPMAN national officers in the statement issued yesterday, expressed concern over the sale of petrol to members of IPMAN above the government’s approved template of N148, which they noted was inimical to their survival. “These non-availability has led to profiteering from the hands of Products Depots Operations along the coastal areas. We are also finding it difficult to move products from Lagos- Kano- Kaduna since we are heavily dependent on private depot owners since they are located along the coastal areas.”
The IPMAN statement added, “There is no way a marketer will use N5 to sell petroleum products. It isn’t viable, considering the cost of maintenance of the filling station and also cost of fund.
That is executive acting judicature
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