The Independent Petroleum Marketers Association of Nigeria (IPMAN) has disclosed that petrol allocations by the Nigerian National Petroleum Corporation (NNPC) to Ibadan Depot was grossly inadequate.

This was revealed by the Chairman of the Ibadan Depot of IPMAN, Raimi Tayo.

He lamented that independent marketers hardly loaded 12 trucks daily.

The chairman said the depot – which usually loads six million litres on daily basis – has reduced the loads to 400,000 litres per day.

This development, he said, has affected business activities of independent marketers.

Tayo said: “Petroleum products allocation to Ibadan Depot was grossly inadequate.

“We have appealed to the government through the NNPC to pump enough products to the depot so that marketers can be in business.

“As at this morning, private depots are selling at N158 per litre as against the government-regulated ex-depot price of N133.28 kobo.”

He appealed to the government to clamp down on depot owners who sold above ex-depot price to marketers.

According to him, although members of the public accuse marketers of selling above the official pump price, there is no way marketers will sell petrol at N145 per litre at filling stations when the product is sold for between N158 and N162 per litre at private depots.