One million Fine For Defaulters Fuel Marketers and NUPENG Declare Strike Indefinite Strike by Petroleum Unions Motorists in Delta State may soon face a fresh fuel shortage as members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have announced an indefinite strike. The … Read more
Petrol stations across the South West may go dark from Monday as the Independent Petroleum Marketers Association of Nigeria (IPMAN), Western Zone, has vowed to shut operations in protest of what it calls an attempt to “monopolise” the downstream petroleum sector. The decision, reached at a zonal council meeting on Saturday, comes just as Dangote … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that petrol will be sold at ₦935 per litre across the country starting Monday, December 23. The announcement was made by the IPMAN National President, Alhaji Maigandi Garima, during a press interaction on Sunday. Garima confirmed that fuel stations nationwide would adopt the new pricing … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has confirmed that the pump price of petrol will drop to ₦935 per litre nationwide starting Monday. This announcement was made by IPMAN’s National President, Alhaji Maigandi Garima, on Sunday in Abuja. He commended Dangote Refinery for facilitating the new pricing structure aimed at reducing transportation … Read more
The Nigerian downstream petroleum sector is witnessing heightened competition as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery have both slashed the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦899 per litre. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and Families of Fallen Heroes Current Cement Prices: … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for a reduction in petrol prices, urging the Dangote Refinery to lower its ex-depot price from ₦970 per litre in light of a reduced estimated landing cost of ₦900.28 per litre. This plea comes amidst the Federal Government’s crude-for-naira initiative, which began in October 2023. … Read more
A new per-litre price of Premium Motor Spirit (PMS), commonly known as petrol, has been introduced across Nigerian National Petroleum Company Limited (NNPCL) retail outlets in the Federal Capital Territory (FCT), Abuja. EKO HOT BLOG reports that Journalists observed that the price of petrol had dropped from ₦1,060 to ₦1,040 per litre, reflecting a ₦20 … Read more
Crude oil refiners and Operators in Nigeria’s downstream sector have pointed to dollar-denominated charges on locally refined petrol as a major factor behind the higher cost of locally produced fuel compared to imported Premium Motor Spirit (PMS). Data from the Major Energies Marketers Association of Nigeria (MOMAN) revealed that as of December 5, 2024, the … Read more
Stakeholders in Nigeria’s oil and gas industry have expressed optimism over the commencement of production at the Port Harcourt Refining Company, highlighting its potential to drive competition, reduce the pump price of petroleum products, and create jobs for Nigerians. On Tuesday, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele … Read more
The Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have finalized an agreement for the weekly supply of 60 million litres of Premium Motor Spirit (PMS). This deal coincides with a marginal reduction in fuel prices at IPMAN member filling stations nationwide, according to the association’s spokesperson, Chinedu Ukadike, who provided an … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that its members can now purchase petrol directly from Dangote Refinery at rates of N990 per liter for loading at depots and N940 per liter when transported by vessel. This landmark agreement, aimed at providing a steady and potentially cheaper fuel supply across Nigeria, signals … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finalized a partnership with Dangote Refinery for the direct supply of fuel products, aiming to secure a stable and affordable distribution of Premium Motor Spirit (PMS) nationwide. IPMAN’s National President, Abubakar Garima, confirmed this development on Monday during a press briefing in Abuja following a meeting … Read more
On Sunday, the management of Dangote Refinery disclosed the price at which it sells petrol per litre to marketers. According to the refinery, petrol is sold to trucks at ₦990 per litre, while sales to ships are priced at ₦960 per litre. In a statement signed by Group Chief Branding and Communications Officer Anthony Chiejina, … Read more
The Independent Petroleum Marketers Association of Nigeria, IPMAN, says the price of fuel from Dangote Refinery, as of last week, was higher than in other places. IPMAN said members must go where the price is lower and where they get profit, adding that they have to pity Nigerians. EDITOR’S PICKS BBNaija: It Was All Part … Read more
The conflict between Dangote Refinery and Nigerian petroleum marketers has escalated, with Dangote Group President Aliko Dangote suggesting that marketers have shown little interest in purchasing from his refinery. The dispute, which initially surfaced in September amid the distribution of premium motor spirit (PMS), involves the Dangote Refinery, Nigerian National Petroleum Company Limited (NNPCL), and … Read more
The Independent Petroleum Marketers Association of Nigeria, IPMAN, said that its members could not load petrol from the Dangote Refinery in Lagos despite having paid N40bn to the Nigerian National Petroleum Company Limited, NNPCL. EDITOR’S PICKS ‘I Feel Sorry For Joshua’ After Knockout Loss To Dubois – Fury EPL: What We’re Lacking Is Luck – … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed rumors regarding an increase in Premium Motor Spirit (PMS) prices at its retail outlets. In an interview with Daily Post on Tuesday, NNPCL spokesperson Olufemi Soneye clarified that he is unaware of any rise in fuel pump prices, countering claims that the cost per litre had … Read more
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, has reassured Nigerians that discussions with Dangote Refinery for direct petrol loading are progressing and will soon be finalized. Speaking during the inauguration of a task force to combat oil bunkering and pipeline vandalism in Abuja on Wednesday, Maigandi expressed confidence … Read more
The Nigerian National Petroleum Company Limited (NNPCL) remains the sole off-taker of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery, despite the Federal Government’s recent directive allowing independent oil marketers to begin lifting petrol from the facility. EDITOR’S PICKS ICYMI: Nigerian TikToker, Oloba Salo Reportedly Shot in Lekki, Don’t Scrap … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has categorically rejected claims of a price agreement concerning Premium Motor Spirit (PMS), commonly referred to as petrol, with the Independent Petroleum Marketers Association of Nigeria (IPMAN) or any other entities. This clarification comes in the wake of remarks made by IPMAN President Abubakar Maigandi, who suggested that … Read more