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DAPPMA denies shutting down of depots

Stories by Ugo Amadi

Depot and Petroleum Products Marketers Association (DAPPMA), an association of  entrepreneurs who invested in constructing and operating petroleum products storage and sales depots and tank farms said that its members will not shut-down of their facilities.  
DAPPMA said that contrary to stories making the rounds, it was the Petroleum Tanker Drivers arm of NUPENG and NARTO, who transport products from marketers’ depots, that embarked on the strike action following their publicized complaints of not being paid their legitimate outstanding transportation claims by marketers who participate in the PSF Scheme as a result of being owed huge reimbursement for PMS (Petrol) imports to date!
In a statement made available to newsmen in Lagos , the  Executive Secretary  of DAPPMA , Olufemi Adewole stressed that  the association maintains that it  would sell and load all petroleum products available to them even as delays in the payments of our reimbursement have continued to impede and adversely affect our operations.
According to him, the suspension in loading in the last few days has been due to the strike action embarked upon by PTD-NUPENG and NARTO. These two bodies had refused to load out / lift petroleum products for distribution from our depots. That is the TRUE POSITION!!!
The allegation that DAPPMA member companies embarked on a strike action is not only mischievous, but completely false and a figment of his imagination. Capital Oil and Gas Industries Limited does not participate in the petroleum subsidy scheme having been disqualified from the ‘PSF scheme’ by the government regulatory agency hence they do not import PMS (petrol). The company is not owed a kobo under the ‘PSF scheme as they cannot make any claim hence they do not feel the impact of non-payment of subsidy reimbursements; instead the company stores petroleum products for NNPC/PPMC under a ‘throughput arrangement’ as do a few other members of our Association.
‘We reiterate that since the unions embarked on this action, we have been dialoguing with them to seek amicable ways of resolving this logjam bearing in mind its harrowing and debilitating impact on the Nigerian public and the masses.’Adewole noted.
Fortunately, at the Senate Petroleum Committee’s that sat in Abuja , Monday, 25th May, 2015, the areas of disagreement between depot owners / marketers and the Federal Ministry of Finance and all other stakeholders were resolved while PTD-NUPENG and NARTO have also pledged their commitment to resume loading of petroleum products from all depots that have stock
Meanwhile situation in Lagos environs are beginning to change as most of the filling stations has commenced selling of fuel with heavy queues , even though the prices varies from N120 per litre to N150 per litre.
Motorist who have been charging higher than the normal fare rates has returned to normal fare rate in most of the routes in Lagos. It is believed that in few days things will come to normalcy.

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