Kerosene Price: IPMAN To Sanction Erring Members

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The Independent Petroleum Marketers Association of Nigeria (IPMAN), says it will henceforth sanction any of its members who sells Kerosene above the recommended N50 per litre.

Mr Olumide Ogunmade, IPMAN Western Zonal Chairman, stated this last week in Ejigbo Lagos when the association flagged off the sale of Kerosene for N50 in Lagos.

“We have informed our members who receive kerosene to sell at N50 per litre to avoid being embarrassed by the disciplinary committee and surveillance team.

“Anybody caught selling the product above pump price will be stopped from receiving products and surcharged for going against the rules,’’ he said.

Ogunmade urged the government to sustain product allocation to IPMAN in order to address the lingering scarcity of kerosene nationwide.

He said the government’s current partnership with IPMAN would help to solve the problem of kerosene distribution. He, however, said the quantity allocated to IPMAN was inadequate.

“Government should increase kerosene allocation to IPMAN to curb the scarcity; if the product floods the markets, no marketer can hoard the product. We have instructed our members to ensure the sale of kerosene at N50 per litre according to the directive of the government,’’ he said.

The zonal chairman said IPMAN had raised monitoring committees to ensure kerosene distribution and adherence to the pump price of N50 per litre .

He suggested the extension of kerosene import licence to IPMAN members as another way of effective and sustainable distribution.

“In addition, government should also give IPMAN licence to import kerosene just as they did with the importation of other petroleum products,’’ Ogunmade added.

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