Fuel Subsidy: Oil marketers set to flood market with petrol

Dr Ibe Kachikwu, Minister of State for Petroleum Resources and GMD of NNP

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is ready to flood the market with fuel as it has gotten credit line from outside investors to access foreign exchange to import petroleum products into the country.

Alhaji Danladi Pasali, IPMAN National Secretary, disclosed this in an interview on Tuesday in Abuja.

He said that IPMAN was willing to continue to work with government to ensure availability of products in the country.

“We have foreign investors that we work with; they gave us a credit line that enables us to get our products and import to the country.

“Right now, we have many cargoes that will enter the country under IPMAN, so we have a good arrangement with our partners,’’ he said.

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