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 Behind The Current Petrol Scarcity : Reasons and Wonders! 


No end in sight as things only seems to get worse in Nigeria with increasing level of insecurity, educational and economic miseries, and now worsening fuel scarcity. 2022 gradually winds down but it has indeed been a year filled with different ripples and events.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Nigerian National Petroleum Company Ltd. (NNPCL) to give the same window given to the Major Oil Marketers Association of Nigeria (MOMAN) to buy fuel at a regulated depot price of N148.17 per litre. 



The Chairman of IPMAN Ejigbo Depot, Mr. Akin Akinrinade appealed on Wednesday as he wondered why private depots get petrol from NNPCL at an official rate of N148. 17 per litre but sell at N220 per liter ex-depot price to IPMAN.


The price disparity at which NNPC is selling petrol to major marketers at a regulated price and the private depots are selling to the independent marketers at N220 per litre has led to an increase in the price of petrol at IPMAN stations, adding that members now sell at N250 per litre and above to stay in business. Considering other costs like transportation, and logistics among others.

This situation is due to the moribund NNPCL depots that were neglected. and the failure of NNPC to arrange for IPMAN to load through the private depots leaving them with no choice but to buy from the private depot owners who use us to make extra profits.


Mr. Akin Akinrinade said that IPMAN was asking for fair competition and used this medium again to call on NNPC to arrange IPMAN through the private depots such that they can load in those depots as we used to, paying the government-regulated price. 

He also appealed to the government that if It can no longer subsidise the product, it should deregulate so that everyone can be at the same level.

Embarrassed and miffed by the lingering petrol scarcity in the country, the Department of State Services, DSS, on December 9, 2022, gave all the stakeholders in the fuel supply chain 48 hours deadline to restore a normal supply of petroleum products at officially approved rate across the country or be ready to face the consequences of their actions.


The DSS warned that after the expiration of the deadline, anyone found to be acting as a saboteur to the supply of petroleum products in the country would be treated as a threat to national security by the security agency and made to face the wrath of the law.

This act by the DSS seems to have helped the situation in many part of Nigeria due to the partial compliance of oil marketers.


TONI, 300L


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