IPMAN

IPMAN

Independent Petroleum Marketers Association has expressed their frustration over the high cost of procurement of petroleum products by its members in the South-East.

Chairman of IPMAN, Enugu Chapter, Chief Ikechukwu Nwankwo, lamented the development in an interview with the News Agency of Nigeria (NAN) on Tuesday in Awka.

Report indicates that the pump price of Premium Motor Spirit otherwise called petrol in Anambra and neighboring states is being sold between two hundred and thirty naira and two hundred and fifty naira since mid-December 2017.

Nwankwo said the inability of the Nigerian National Petroleum Corporations to supply the product sufficiently to marketers had contributed to the high cost.

IPMAN urged the Federal Government to do that would be possible to eliminate the current scarcity and restore statutory price, including expediting works at the Enugu Depot, Emene to put it back in operation in the interest of the public.