By Williams Anuku, Abuja
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said in the last two years, the government hardly carried its members along during all the products price adjustments made.
IPMAN also said oil marketers mostly bear the burden of the deregulation of the oil sector despite the robust support the body has continued to throw behind the deregulation policy.
The fresh strategy towards arriving at a workable means by which the government would factor in an upward review of the profit margin of the marketers was the major agenda on the table of the Executive Committee of the Independent Marketers during an emergency meeting that was convened to react to the new petroleum price adjustment that was approved by the Petroleum Products Marketing Company (PPMC) in Abuja.
After IPMAN leadership rose from its emergency meeting, members across the country were advised to sell products between N168 and N170 per litre.
Speaking with journalists after the emergency meeting in Abuja, the IPMAN Public Relations Officer, Alhaji Yakubu Suleman regretted that despite the fact that marketers have been very cooperative with the government to see to the implementation of the deregulation policy, the government has failed woefully to carry them along during all the products price adjustments made in the last two years.
According to him, “the National Executive Council called this emergency meeting to agree on a range for pump prices across the country in view of the new realities in the industry, but most importantly, we discussed ways that we can get the government to consider us during other adjustments.
“We were all shocked when the new adjustments came out yesterday and there was no consideration to mark up our own profit margin to also accommodate the realities we experience at our own retail outlets.
“As responsible citizens, we have been at the forefront of explaining the benefits of a fully deregulated oil sector to the general public, but the reality is that for the last two years, none of all of the price adjustments considered the need to mark up our profit margin.
“That is despite the considerable increase in our costs of maintaining the stations as well as other expenses.
“Many of our members are not the direct owners of their outlets; therefore, where the profit is static, you can consider the stress we are all passing through when our expenses continue to increase.
“We want to seize this medium to appeal to the Federal Government to agree with the PPMC to help us to remain in the business of making products available across the nooks and crannies of this very vast country,” Suleiman said.
When asked if they agreed on a particular pump price for petrol he said, “of course yes. The new price as approved by the National Executive of IPMAN for petrol is between N168.00 and N170.00. All other factors being equal as we have been doing in the business.
“We have communicated our members through the normal channel of communication and our Engineers are already working on the machines to reflect the new price regime at outlets where there are products to dispense.
Meanwhile, Suleiman told journalists that the Independent Marketers were never a part of the on-going industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
“We are not part of the strike called by PENGASSAN and we have products that can last through to the end of the first quarter of 2021,” he said.
“We do not have any reason to embark on any strike presently and we hope to serve Nigerians in general and motorists in particular continually for as long as other factors do not inhibit our service delivery.”
The Emergency meeting which was held at the nation’s capital, Abuja was attended by the Chairman IPMAN Board of Trustees, Abdulkadir Aminu and the National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo .
Other officials of the body at the meeting include the IPMAN National Secretary, Alhaji Danladi Pasali; the National Vice President of Independent Petroleum Marketers Association Of Nigeria, IPMAN, Alhaji Muhammdu Abubakar Garima; National P.R.O.Yakubu Suleiman; National Operations Controller of IPMAN, Mike Osatuyi as well as other members of the National Executive Council of the body.