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Via The Sun

IPMAN Says Petrol Stock Running Out, Warns Petrol Scarcity May Worsen

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned that the emerging petrol scarcity may worsen, as queues spread nationwide.

The marketers says their stock is being exhausted.

IPMAN national operations controller, Mike Osatuyi says that petrol which filling stations belonging to  the independent marketers are selling in the past one week, is from their reserves.

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He warns that the petrol scarcity will escalate if fresh supply is not received from the NNPC, before the reserves is depleted.

Also, chairman of the Ejigbo NNPC depot of IPMAN, Akin Akinrinade told newsmen on Monday that the NNPC has failed to deliver to the association petrol it paid  for since last October.

In the process, Akinrinade says that marketers are being forced to patronize private depots which are selling the products at above the approved ex-depot price.

According to him, marketers have directed their filling stations to sell a litre for 180 naira in order to remain in business.

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