The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Sunday disclosed its plans in partnership with some major stakeholders in the oil industry, to import kerosene and diesel.
Mr. Chinedu Okoronkwo, the National President of IPMAN, during an interview in Lagos, said that the decision was due to scarcity and hike in the prices of the products which is causing great hardship among average Nigerians — Kerosene and diesel prices are currently at N230 and N185 per litre, respectively.
According to him, the association’s partners in Dubia had agreed to finance the importation urgently to ease the hardship which Nigerians were passing through. Okoronkwo also said the association had been given license to import kerosene and diesel.
With the licence to import kerosene and diesel, the IPMAN president assured that they would strive to ease the suffering of Nigeria in a couple of weeks, by providing the products at affordable prices. He noted that the government and marketers should ensure the consumers benefited.
Mr. Okonkwo believes this will help improve Nigeria’s economy and development in the oil and gas sector. In an official statement, he said:
“We, IPMAN, have entered into partnership with some multi-nationals to assist the Federal Government to make petroleum products available in the country.
“This, we hope will create value in the industry by ensuring that there is enough kerosene and diesel in all our members’ stations at affordable prices.”
He further explained that the essence of the importation of petroleum products was to boost the activities in the downstream sector. He also said:
“As at today, because of the liberalisation in the petroleum industry, we are working towards importing our own products.
“In short, we are on course to importing our products into the country so that we can distribute to our members.“
However, Okoronkwo affirmed that IPMAN’s planned establishment of refinery in Nigeria is still on course to ensure adequate production and supply of petroleum products to customers all over the nation.
“The Federal Government had restored the association’s right to petroleum products in all the depots across the country, therefore we expect to end the scarcity in no distant time.”
He explained that the association accounted for a large percentage of fuel retail outlets which would make distribution of petroleum produce easier and faster.
Okonkwo pointed out the fact that vandals had caused the corporation to lose billion of Naira and urged the IPMAN members to support NNPC in protecting the pipelines from the nefarious activities.