CSOs Oppose IPMAN over Alleged Plan To Increase Petrol Price

The New Diplomat
Writer
TUC Threatens Mass Protest Over Fuel Subsidy, Palliatives

Ad

Global CEOs, Top Diplomats, Ministers, Governors, Industry leaders gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas, Minerals, Maritime Opportunities

By Abiola Olawale Following the official opening of the 80th Session of the United Nations General Assembly (UNGA80), New York, USA, high-level delegations from over a dozen countries, including global CEOs, top diplomats, ministers, governors, industry leaders will gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas,…

Charted: Populations of China, India, U.S., and Europe (1950–2100)

Key Takeaways India is projected to remain the world’s most populous country through 2100, stabilizing around 1.5 billion people. China’s population is expected to fall by more than half, from 1.4 billion to 0.6 billion. Europe’s population will decline steadily, while the U.S. population grows gradually to 420 million. As global demographics continue to shift,…

Elon Musk drops to second place as AI boom powers Oracle’s Larry Ellison to world’s richest status

By Obinna Uballa Elon Musk has lost his long-held crown as the world’s richest person to Oracle co-founder Larry Ellison, following a record-breaking surge in Ellison’s net worth. According to Bloomberg’s Billionaire Index, Ellison’s fortune jumped by an unprecedented $101 billion on Tuesday night to reach $393 billion, surpassing Musk’s $385 billion. The windfall came…

Ad

By Agency Report

A coalition of Civil Society Organisations (CSOs) on Friday said it would resist planned increase in the price of petroleum being allegedly worked on by the Independent Petroleum Marketers Association of Nigeria (IPMAN).

The CSOs made their position known in a statement jointly signed by the Convener, Dr Basil Musa; and Co-Convener, Malam Haruna Maigida, in Abuja on behalf of others.

Others who signed the statement were officials of Oil and Gas Transparency and Advocacy Group, Civil Society Coalition for Economic Development (CED), Centre for Citizens Rights, Centre for Good Governance Advocacy and Action against Corruption in Nigeria, among several others.

The CSOs said that information reaching them was to the effect that IPMAN was planning to increase petrol price to N700 per litre, a move which they vowed to resist by picketing IPMAN members’ filling stations across the country.

They accused the IPMAN of running a parallel government and inflicting pains on ordinary Nigerians by their unilateral adjustment of price of petroleum.

They described the planned increment as unacceptable and called on the Federal Government to stop IPMAN from its alleged profiteering at the expense of ordinary Nigerians.

The CSOs said the move was an economic sabotage, coming at a time Nigerians are still trying to come out of the “price shock”, occasioned by the increment on May 29.

They said that Nigerians were already passing through difficult times over the recently adjusted fuel pump price with no palliatives measures yet in place.

They vowed to mobilise their members and other stakeholders across the 36 states of the federation to embark on a protest, adding that the protest would target at shutting down filling stations nationwide.

They added that Nigerians could not afford to be railroaded by IPMAN, in alleged contraction of the position of Federal Government on petroleum price.

“As a Coalition of Civil Society Organisations (CSOs), we are monitoring events and the proposed fuel pump hike to N700 per litre by IPMAN and we say it is unacceptable.

“If government does not caution IPMAN, we see it as a deliberate collusion to drive Nigerians into unmitigated difficulties.

“As CSOs, we will not sit and watch that happen. We will mobilise Nigerians into a street protest and that should be taken from us.

“We watched the removal of fuel subsidy regime by President Bola Tinubu in his inaugural address on May 29 and we take the dare consequences as part of sacrifice, awaiting when government would have settled to come up with ameliorative measures for the citizens.

“But for IPMAN to adjust fuel pump price will stoke protests because it is not in the interest of Nigerians,’ they said.

They said if IPMAN achieved the proposed increase, it would amount to over 451 per cent above what Tinubu Administration met in office, thereby raising the fear of hyper-inflation on cost of goods and services.

They added that “IPMAN was largely behind the mystery litres of petrol consumption that suddenly dropped from 66 million per day to 40 million, after fuel subsidy was removed.

“We advise the marketers association to brace up for a change as sharp practices in the downstream sector can no longer be condoned.”(NAN)

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp