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Nigeria Fuel Crisis: IPMAN Strike Causes Petrol Price Hike to N2,000 per Litre

Nnaemeka OkwarabyNnaemeka Okwara
June 25, 2024
in News
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Nigeria Fuel Crisis: IPMAN Strike Causes Petrol Price Hike to N2,000 per Litre
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) Adamawa/Taraba chapter has announced its decision to continue its ongoing strike, citing incessant harassment of its members and illegal seizures of their tankers carrying petrol by officers of the Nigeria Custom Service (NCS). This development has resulted in a significant hike in petrol prices, with the commodity now selling for N2,000 per litre in Adamawa state.

According to IPMAN Chairman, Alhaji Dahiru Buba, the strike is a direct response to the persistent harassment and illegal seizures of petrol tankers by NCS officers, which have led to financial losses, artificial scarcity, and a hike in product prices. The association has vowed to continue the strike until the NCS puts an end to these activities.

The strike has resulted in a significant reduction in vehicular movements on the roads, with commuters struggling to find transportation to their offices and destinations. The sharp rise in transport fares, with commuters now paying N700 instead of N300 for a drop, has further exacerbated the situation.

Most fuel stations in Yola are currently closed, and motorists are forced to source petrol from black markets in some parts of the metropolis and state.

The Comptroller-General of the NCS, Adewale Adeniyi, had previously solicited support and cooperation from all stakeholders in the fight against smuggling, especially of petrol, which he described as a sabotage of Nigeria’s economy.

The ongoing fuel crisis has sparked concerns about the potential impact on the country’s economy and the welfare of its citizens. The situation remains fluid, with no clear resolution in sight.

Tags: 000 per Litrefederal characterfuelIPMANNewsNigeriaNigeria Fuel Crisis: IPMAN Strike Causes Petrol Price Hike to N2strike
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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