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We can't sell fuel at N165 per litre again – IPMAN

We can't sell fuel at N165 per litre again – IPMAN

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has clarified why there is fuel scarcity in Lagos and other parts of the country.

The Lagos Zonal Chairman of IPMAN, Akin Akinrinade, in an interview with Channels Television insisted they were not on strike.

Akinrinade revealed that the operating environment has become hostile to their businesses.

He also insisted the marketers had not embarked on strike as speculated.

“Members of Independent Petroleum Marketers Association of Nigeria, IPMAN, have shut down their stations, not because we are striking; we are not on strike,” Akinrinade said.

“Rather, the business environment has been very hostile to us such that we can no longer do business under this condition. For you to load a litre of petrol, you pay in N162 per litre,” he added.

Akinrinade said 'we can not sell fuel at N165 per litre again' adding that the landing cost of petrol was between N175 to N178 naira to the litre.

“Our members can no longer sell petrol at N165 per litre, in fact, there is no reasonable person in this business that can sell below N180 per litre, so it is not as if we are on strike,” he decided.

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