IPMAN threatens strike, accuses Depot owners DPR of extortion

Lagos State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to go on strike in the next few days over  the exorbitant prices charged by depot owners on fuel and extortion by officials of the Department of Petroleum Reources (DPR).

The group, in a statement endorsed by its chairman, Alhaji Ayo Alanamu, and General Secretary, Prince Kunle Oyenuga, also threatened to shut down all its members 2000 fuel stations across the state and its environs.

According to IPMAN, its members were expected to buy a litre of fuel at the rate of N133.28 kobo from the private depots owners and sell at N145 per litre to the public in accordance with the Federal Government’s directive. But the depot owners have consistently ignored the directive by selling to fuel station owners at N141.00 per litre.

It explained that the NNPC supplies the private depots at controlled prices, yet the private depot owners refused or ignored the Federal Government’s fixed price.

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