PETROLEUM MARKETERS PLAN INDEPENDENT STORAGE FACILITY TO EASE DISTRIBUTION

THE South-West Zone of Independent Petroleum Marketers Association of Nigeria (IPMAN) may soon acquire a storage facility, the South-West Chairman of the group, Mr Olumide Ogunmade, said.

Ogunmade told the News Agency of Nigeria, in Lagos, yesterday, that the aim of IPMAN owning a facility was to reduce difficulties often encountered by members in times of fuel scarcity.

He said the facility would enable IPMAN members to get petroleum products at cheaper prices considering that the zone consumed two thirds of the country's fuel supply.

The chairman also said the facility would safeguard constant petroleum products supply to the zone.

'We want to set up a business committee that will be involved in importation of products and we have started discussing with some tank farm owners in the western states on the matter.

'The essence of this is that the association doesn't want to be part of the factions that are fighting over positions and selfish interest at the detriment of consumers and our members,'' he said.