The scarcity of petrol and arbitrary increases being experienced across the country would ease in a few days following agreement reached by Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigerian National Petroleum Company Limited (NNPCL).
Stakeholders in the downstream sub-sector of the oil and gas industry recently met with different security agencies in a determined effort to resolve the problem.
IPMAN’s national operations controller, Mike Osatuyi, who confirmed the development, also said, the IPMAN is not planning to shut down operations following the federal government’s announcement to enforce N195 a liter pump price for the product.
Under the agreement, Osatuyi said, members of the association will begin to get supply directly from the NNPC.
He added that, going forward, the independent marketers, in breaking the festering scarcity, have received assurance of direct supply of petrol from the NNPC.
The moves came on the heels of a critical meeting between NNPC, Major Marketers Association of Nigeria (MOMAN), IPMAN, Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Department of State Services (DSS) amongst others.