The Independent Petroleum Marketers Association of Nigeria , has threatened to cripple the supply of Premium Motor Spirit , also known as petrol, over non-payment ofThe threat comes following current nationwide scarcity which has seen prices of Premium Motor Spirit , also known as petrol, surge to between N610 and N800 at the pump, and between N1000 and N1200 at black market.
“We are extremely distressed and depressed by the laidback attitude of the leadership of the Nigerian Midstream Downstream Petroleum Regulatory Authority , towards the survival of our member’s businesses, arising from NMDPRA’s deliberate delay and refusal to offset the debt of over N200 Billion owed our members, which has consequently led to the deaths of many of our members and the unfortunate collapse of their businesses.
obligations to their banks, arising wholly from their inability to get their monies from the NMDPRA. Consequently, also, the banks have taken over the business premises of many of our members. As indigenous organisations, and Depot Chairmen, we are unhappy that rather than receive support from the government to boost our businesses, we are being discouraged, by the head“It is noteworthy to recall and state here that at a stakeholders meeting held on the 20th of February, 2024 with Mr.