IPMAN Seeks PPPRA Approval to Import Petrol

The Western Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Western Zone plans to start the importation of petroleum products into the country.

Already, it has sought import approval from the Petroleum Products Pricing Regulatory Agency (PPPRA).

The Chairman of Western Zone of IPMAN, Mr Olumide Ogunmade, disclosed this at a briefing in Lagos yesterday.

He said the association wants to ensure that members receive products at affordable rate, adding that members of the zone do not want to be caught by surprise with the ongoing downstream sector deregulation by the government.

Ogunmade said the association expected the Federal Government to enforce removal of subsidy gradually but since it has decided to go ahead in removing it at once, the association is ready for deregulation.

He said the IPMAN Western zone has formed a business unit called IPMAN Western Zone Oil and Gas Limited and it has submitted proposal to the PPPRA for approval to import petroleum products to ensure the effective distribution of the  products to members in the zone.

The IPMAN chief said the zone has put in place adequate measures, such as tank farms and throughput arrangement with depot owners for storage of products when the products are imported.

He said: “We don’t want to be caught unaware by the ongoing deregulation. That is the reason we plan to commence importation of petroleum product to assist our members.

“We have submitted our proposal and bid to the PPPRA while we are waiting their approval to commence importation of all petroleum products.”

Ogunmade said the western zone consumes about 60 per cent of the country’s petroleum products. He said: “We want to have a different outfit of our own that will be competing with others to bring down prices.

“PPPRA cannot ignore the western zone considering the fact that we consume about 60 per cent of the nation’s product. We will commence importation as soon as we get approval from the PPPRA.”

Corroborating Ogunmade, Mr Toba Shinkaiye, the Assistant Zonal Secretary, said the western zone has commenced action towards bringing in products for members, adding that the decision was taken early this year at the zonal general meeting of the group.

Source: Nation

2 Comments

1. 

   Mystic_mido

   December 29, 2011 at 12:00 pm

   Why are you not talking of building a refinery?
   Olodo peeps!
2. 

   Momats2000

   December 29, 2011 at 12:47 pm

   Western zone ke! we are talking of subsidy removal crisis in Nigeria, you are caving yourselves out. Selfish people