The Dangote Petroleum Refinery and the Petroleum Products Retail Outlets Owners Association (PETROAN) are in ongoing discussions to finalise the details for lifting petroleum products from the refinery. EKO HOT BLOG reports that on Monday, Dr. Billy Gillis-Harry, the National President of PETROAN, led the association in negotiations with Dangote Refinery in Lagos. The talks … Read more
Oil Marketers Deny Petrol Price Drop Amidst Market Stability Associations maintain stance: PETROAN and IPMAN reaffirm no changes, while MEMAN emphasizes stable pricing through depot ownership. Speculation lingers on direct sourcing: Rumors suggest price shifts from independent sourcing, contrasting MEMAN’s distribution model. EKO HOT BLOG reports that oil marketers and other operators in the downstream sector … Read more
IPMAN has ordered its members to suspend operations and shut down filling stations in Borno. The chairman of IPMAN in Borno, Mohammed Kuluwu, made this known in a statement on Tuesday. Mohammed has also ordered the marketers to suspend the payment of ordering products from the source until further notice. EKO HOT BLOG reports that … Read more
NUPENG says it will not lift PMS for depot owners selling above the official price Nobody has given official statements that PMS is no longer under subsidy regime and in that wise, the general public cannot be buying products at N250, N220, N180, from the depot EKO HOT BLOG reports that the Nigeria Union of … Read more
Petrol price has been increased to N157 per litre. EKOHOTBLOG reports that the price of Premium Motor Spirit (PMS), fondly known as petrol, has been increased by Private Depots from N148 per litre to N157 per litre across Nigeria. The latest development, this online news platform understands may lead to petrol shortage in the country. An … Read more
Following the announcement of the increase in fuel price by the Federal Government, the Independent Petroleum Marketers Association of Nigeria (IPMAN) South West zone, on Sunday, threatened to stop further lifting of petroleum products in all the Southwest depots. The association described the government decision as unfavorable, stating that new price regime of 143.8 as … Read more