The Nigerian National Petroleum Company Limited (NNPC) has agreed to sell Premium Motor Spirit (PMS), commonly known as petrol, to the Independent Petroleum Marketers Association of Nigeria (IPMAN) at a rate of N995 per litre. This follows the intervention of the Department of State Services (DSS) in resolving the conflict between both parties. EDITOR’S PICKS … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to engage in talks with Dangote Petroleum Refinery from Tuesday to Wednesday to finalise agreements on the pricing and lifting of petrol from the facility. According to reports on Sunday, the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) had been asked by the $20 … Read more
The Department of State Services (DSS) has brokered peace between the Nigerian National Petroleum Company Limited (NNPCL) and independent petroleum marketers, resolving a dispute over Premium Motor Spirit (PMS) pricing and supply. EDITOR’S PICKS ICYMI: Nigerian TikToker, Oloba Salo Reportedly Shot in Lekki, Don’t Scrap the EFCC, Fix It, Fintiri Slams Calls For Abolition AFCON … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that the full deregulation of petrol pricing and the withdrawal of NNPC Limited as the sole off-taker from the Dangote Refinery grant marketers the freedom to source petrol from various suppliers, including imports. This statement follows NNPC’s recent increase of petrol prices by 15%, bringing … Read more
The price of Premium Motor Spirit (PMS), commonly known as petrol, has decreased in Abia State. The price, which previously ranged between ₦1300.00 and ₦1350.00, has now dropped to between ₦1150.00 and ₦1200.00. This price reduction follows the Nigeria National Petroleum Corporation (NNPC)’s decision to open its portal for direct fuel requests and payments by … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to meet with Dangote Refinery this week to discuss direct procurement of Premium Motor Spirit (PMS), commonly known as petrol, and explore potential price reductions. IPMAN spokesperson, Chief Chinedu Ukadike, shared this update in a recent statement, expressing optimism among members about the imminent … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has given major petroleum marketers the green light to start lifting premium motor spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery. This decision aligns with the existing agreement between NNPCL and the refinery. Under the original agreement, NNPCL was designated as the exclusive distributor of … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized the Nigerian National Petroleum Company Limited (NNPCL) for selling petrol sourced from the Dangote Refinery at a higher price than imported fuel. Speaking on Channels Television’s The Morning Brief, IPMAN’s National Welfare Officer, John Kekeocha, questioned the pricing disparity. “If NNPC can sell Dangote products … Read more
A senior official from the Independent Petroleum Marketers Association of Nigeria (IPMAN) has responded to reports that the Dangote Refinery will sell petrol to the Nigerian National Petroleum Company (NNPC) at ₦766 per litre. The official, speaking anonymously, explained that while the base price of ₦766 is set by the refinery, additional costs like transportation, … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has declared its readiness to buy petrol from Dangote Refinery, regardless of the price set by the organization. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds Down Trust Between Govt, People -Minister UEFA To Honour Ronaldo For Record-Breaking Champions League Career EKO … Read more
Oil marketers have yet to begin loading Premium Motor Spirit (PMS), commonly known as petrol, despite the Federal Government’s assurance of availability this weekend. Investigations revealed that while PMS vessels have arrived at the Nigerian National Petroleum Corporation (NNPC) depots in Apapa and Port Harcourt, independent marketers are yet to start loading. EDITOR’S PICKS I’ll Support … Read more
Dangote Limited has refuted claims that it has set the price of petrol from its Lagos-based refinery at ₦600 per litre. This clarification was made in a statement issued on Tuesday night by the company’s Group Chief Branding and Communications Officer, Anthony Chiejina. The denial comes after the Independent Petroleum Marketers Association of Nigeria (IPMAN) … Read more
Independent petroleum marketers in Nigeria are expecting petrol from the Dangote Petroleum Refinery to be priced between ₦600 and ₦650 per litre when it becomes available in the market. Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), expressed optimism in an interview with Punch that the $20 billion Dangote … Read more
Marketers urges NNPC to increase fuel supply to members to alleviate petrol scarcity and high prices, citing long queues at gas stations as a direct consequence of insufficient supply. Eko Hot Blog reports that the Independent Marketers Association of Nigeria (IPMAN) has initiated a fresh move to reduce petrol prices and alleviate long queues at … Read more
Operators in the downstream oil sector urge the Federal Government to ensure crude oil supply to the Dangote refinery, criticizing high prices and lack of collaboration as reasons for preferring imported fuels. Eko Hot Blog reports that operators in the downstream oil sector have urged the Federal Government to ensure the provision of crude oil to the … Read more
Dangote Petroleum Refinery has raised diesel prices from ₦940 to ₦1,100 per litre due to the Nigerian naira’s depreciation. The price adjustment reflects the refinery’s responsive pricing strategy in line with market dynamics and follows earlier reductions. The increase is attributed to the adverse effects of the naira’s instability against the US dollar, as stated … Read more
FG To Assist Fuel Marketers With CNG Pump Installations. IPMAN raised concerns about the high costs of installation and high-interest rates from banks. IPMAN suggested creating an ‘energy bank’ to provide more accessible loans for marketers. EKO HOT BLOG reports that the Federal Government is considering assisting independent fuel marketers in financing the installation of Compressed … Read more
Marketers Calls Urgent Meeting Amid NNPC’s Efforts. Fuel scarcity deepens nationwide NNPC opens reserves, Major Energies Marketers Association receives fuel shipments. EKO HOT BLOG reports that as the fuel scarcity worsens nationwide, members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) are set to convene their National Executive Council meeting on Monday to address the … Read more
IPMAN threatens to shut down 30,000 filling stations nationwide Demands payment of N200 billion debt from FG Warns of “terrible consequences” if debt not cleared IPMAN’s Ultimatum: Clear N200bn Debt or Brace for Fuel Crisis Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) plans to shut down 30,000 filling stations … Read more
Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria, IPMAN, said yesterday that the petrol scarcity currently spreading to more states across the country will take at least two weeks to normalise. This is even as the Nigerian National Petroleum Company Limited, NPCL insisted yesterday that it has adequate stock of the … Read more