DSS Intervenes in NNPCL, Marketers Dispute, Details Emerge

• The Department of State Services (DSS) has resolved the dispute between the NNPCL and IPMAN
• The markers said NNPC is owing its member N15 billion after collecting fuel from Dangote Refinery at about N898/litre but sell to marketers at N1,010/litre in Lagos
• After the DSS intervention, NNPCL has permitted IPMAN members to load products from its depot to cover the N15bn debt

Legit.ng journalist Adekunle Dada has over 5 years of experience covering metro, government policy, and international events

FCT, Abuja - The Department of State Services (DSS) has intervened in the dispute between the Nigerian National Petroleum Limited Company (NNPCL) and oil marketers, who operate under the auspices of the Independent Petroleum Marketers Association of Nigeria (IPMAN)

IPMAN threatened to cease operations nationwide due to the high costs associated with loading petroleum products from NNPCL facilities.

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The marketers said that the cost of petrol from the Dangote Petroleum Refinery to NNPC was about N898/litre, but noted that NNPC was selling the same product to independent marketers at N1,010/litre in Lagos.

As reported by The Punch, both parties have arrived at a new agreement following a peace meeting facilitated by the DSS Director General, Adeola Ajayi.

The National Publicity Secretary of IPMAN, Chinedu Ukadike said the NNPCL has agreed that marketers can now lift Premium Motor Spirit (petrol) from its depot at a lower price.

“The meeting was on the non-compliance of selling PMS to IPMAN by Dangote Refinery and the problem we are having with NNPCL in terms of pricing. Based on this, the director of DSS invited us and brokered peace.

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“Among what was agreed upon after a meditation process led by our National President Abubakar Maigandi, NNPCL has agreed to make some reductions and allow independent marketers to load out those tickets that amount to N15bn immediately.”

Marketers Give Conditions to Crashing Petrol Prices

Legit.ng earlier reported that IPMAN said it may stop operations nationwide.

The association said that the NNPC owes its members about N15 billion.

IPMAN said that the debt might paralyse the petrol supply nationwide if NNPC did not refund its members.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

Source: Legit.ng