Independent Petroleum Marketers Association of Nigeria (IPMAN) has decried the fears, in some quarters, that fuel scarcity is looming in the country.

The body has the largest number of marketers in the country, aside being a parallel organisation to the Major Oil Marketers Association of Nigeria (MOMAN).

Its Spokesman, Yakubu Suleiman, said in Abuja, that Nigerians do not need to engage in panic buying of fuel, as the Nigerian National Petroleum Corporation (NNPC), in view of the assurances from the Nigerian National Petroleum Corporation (NNPC), that it has enough fuel to supply Nigerians.

He said: ” The government and other stakeholders, especially marketers are making efforts that the product is not in short supply in Nigeria.

Adding that: “From our investigations, loading has commenced in various depots across the country, a development, which suggests that Premium Motor Spirit, popularly known as petrol, would not be in short supply in the country. On panic buying, he said the long queque witnessed in filing stations in Abuja, was caused by the rumours
fuel is about to be going scarce in Nigeria soon.

According to him, the rise in the prices of crude oil at the international market, the increase in the landing price of the refined crude oil and other variables, made the government to increase the pump price of fuel in the country.
“We want to assure buyers that government and other stakeholders, especially fuel buyers, are doing everything possible to ensure that the product is available in every filling stations in Nigeria, from today,” he added.


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