The Depots and Petroleum Products’ Marketers Association of Nigeria has said that unauthorised fees and levies, as well as the inability to access foreign exchange by dealers, are the issues hindering the supply and distribution of Premium Motor Spirit.
DAPPMAN Chairman, Winifred Akpani, said the burden of sourcing forex through the parallel market for transactions domiciled in Nigeria had left petroleum marketers in “dire straits.”
Akpani noted that in addition to core operational expenses that were denominated in dollars, petroleum marketers were also contending with sourcing funds from the parallel market to pay for fees and levies that were charged in dollars.
