The Independent Petroleum Marketers Association of Nigeria (IPMAN) has allayed fears of possible scarcity in some parts of Nigeria.
This is because the marketers have resolved the problem of non-payment for bridging by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), IPMAN’s President, Mr Chinedu Okoronkwo, said there would not be an issue of scarcity in any part of the country.
He added:“ We met with Mr Farouk Ahmed, Chief Executive Officer, NMDPRA and resolved the issue. What happened earlier was that marketers were afraid of bridging; which is transporting petrol from the depot to another depot that is experiencing supply shortfall due to distance.
“They were not sure of getting bridging payments especially with the scrapping of the Petroleum Equalisation Fund,” he said.
According to IPMAN executive in Ondo State, Sina Amo said marketers have agreed to resume their normal operations following the assurance by the NMDPRA, so there would not be an issue of scarcity in any part of the country.
He added that it was also decided at the meeting that those areas that do not require bridging should no longer be included in the payments.
“So for instance if you’re supplying products in Lagos and Port Harcourt that do not require bridging, then there is no need for any payment in that area.
“That was the outcome of the meeting and we all agreed to the resolutions to ensure smooth distribution of petroleum products ahead of the yuletide,” he said.