Metro Fuel Scarcity Looms in Lagos, Ogun as NNPC Introduces New Fee for Marketers

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LequteMan

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Independent oil marketers in Southwestern Nigeria are threatening to shut down their operations to protest the imposition of a new fee on them by the Nigerian National Petroleum Corportaion, NNPC.

The NNPC recently introduced a 5-year Bulk Purchase Agreement (BPA) fee for the marketers.

Chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN) depot in Ibadan, Raheem Tayo said:

“How can our members be subjected to the payment of N125,000 annually for BPA fee, when we load petroleum products from private depots that charge far above the recommended retail price fixed by the government.”

Tayo said NNPC’s request that the BPA fee be paid five years upfront, amounting to N625,000 per marketer may turn out to be the last straw that will break the camel’s back.
 

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