Energy

Nigerian independent marketers fault PPMC over fuel scarcity

Nigeria’s Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday faulted the Pipelines and Product Marketing Company (PPMC) for the recent scarcity of premium motor spirit (PMS) in the country.

The Chairman, IPMAN, Lagos Satellite Depot, Mr. Akin Akinrinade, at a media briefing in Lagos, stated that since December 2021, not a litre of PMS had been lifted at the Nigerian National Petroleum Corporation’s (NNPC) Satellite depots at Ejigbo, leaving independent marketers to the hands of private depots who he said have increased their ex-depot price to a level no longer sustainable to sell PMS at N165.

Felix Oloyede

Felix Oloyede is a Mass Communication graduate with 19 years experience in journalism. He has worked with TheWeek Magazine; Mirror Newspapers; West Africa BusinessNews and BusinessHallmark Newspaper. Oloyede has covered different news beats ranging from crime; arts; politics; commerce and industries to finance and economy. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School.