Oil Marketers Eye N500/Litre Petrol Price As Port Harcourt Refinery Gears Up. Dealers confirm nearing readiness of PHRC, anticipate reduction in petrol price. NNPC’s Mele Kyari reveals plans for refinery operations, aiming to alleviate petroleum supply challenges. EKO HOT BLOG reports that as the Port Harcourt Refining Company (PHRC) gears up for production under the directives … Read more
Eko Hot Blog reports that Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. A statement by the organisation on Tuesday night explained that the significant reduction in the price of diesel is expected to positively affect all the spheres of the economy and … 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
Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) foresee a slight decrease in the pump price of Petrol once production resumes at the Port Harcourt Refining Company next month. According to PUNCH, IPMAN and MEMAN have also declared their readiness to … Read more
EKO HOT BLOG reports that the Independent Petroleum Marketers Association of Nigeria has called on the Anambra State Governor, Charles Soludo, to pay its members the N901m debt owed by the state government. IPMAN Enugu Depot Community made the call in a letter of reminder to Soludo on Friday. EDITOR’S PICKS A Nation at Crossroads: … Read more
Eko Hot Blog reports that the seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. According to PUNCH, dealers under the aegis of the Major Oil Marketers Association of Nigeria confirmed on Sunday that with the registration, … Read more
EKO HOT BLOG reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged members of the public to disregard rumours of any imminent increase in the price of petrol. The Chairman of IPMAN, Enugu Depot, Mr Chinedu Anyaso, who gave the warning in Awka, Anambra state, at the weekend, while speaking with reporters, said … Read more
Eko Hot Blog reports that Nigerian National Petroleum Company (NNPC) Limited has reacted to reports that there is an imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. In a statement issued by the company’s spokesperson, Olufemi O. Soneye, on Wednesday, it said there was no plan to raise petrol … Read more
Eko Hot Blog reports that In a bid to mitigate the hardship caused by fuel Scarcity in Kebbi State the Government is seeking the cooperation of Independent Petroleum Marketers’ Association of Nigeria (IPMAN). EDITOR’S PICKS Fraudulent Academic Records: ‘Bring Evidence In 30 Days’ – Wole Soynika Dares Accusers IPOB: Troops Arrest 2 ESN Members, Recover … Read more
Eko Hot Blog reports that the Chairman, Independent Petroleum Marketers Association of Nigeria, Rivers State Chapter, Joseph Obele, has enjoined the Federal Government to ensure that the nation’s refineries are fixed as planned. He stated that the cost of Petroleum Motor Spirit, also known as petrol, would crash below N200 per litre should the refineries … Read more
Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) claimed that the federal government was secretly paying subsidy on petrol to maintain the current pump price. Presently, petrol sells for between N568 and N617 in different parts of the country, and the ex-depot price of petrol stood at N580 per litre … Read more
EKO HOT BLOG reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticised the Nigerian National Petroleum Company Limited (NNPCL) for securing a loan of $3 billion for the purpose stabilising the Naira. IPMAN Chairman in Rivers State, Dr. Joseph Obele, in a statement made available to LEADERSHIP Weekend in Port Harcourt yesterday, … Read more
EKO HOT BLOG reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized President Bola Tinubu, saying he hasn’t displayed enough interest in restoring the country’s refineries. IPMAN Chairman in Rivers State, Mr. Joseph Obele, argued that the President’s plans are misguided for the economic issues the nation faces. EDITOR’S PICKS BREAKING: Tinubu … Read more
Eko Hot Blog reports that the Independent Petroleum Marketers Association (IPMAN) has asked Nigerians to remain hopeful, saying the Dangote Refinery will save the country billion of dollars, urging that, the government of the country should be made to account for the huge revenue accruing from the subsidy removal. “When Dangote Refinery commences operation, it … Read more
Eko Hot Blog reports that the Independent Marketers Association of Nigeria, (IPMAN) has disclosed that the recent increase in crude oil price in the international market among other factors are responsible for the increase in the price of petrol experienced in the country on Tuesday. As at Monday, 17th July, a liter of fuel sold … Read more
Eko Hot Blog reports that Private depots at the weekend crashed the price of Premium Motor Spirit (PMS) to N495 – N496 per litre from N502 to N503/litre. The development came amid rumours that the prices of petrol may soar in July owing to the recently devalued exchange rate. The Nigerian National Petroleum Company Limited … Read more
IPMAN accuses NNPCL of withholding petrol that its members paid for more than 6 months ago. NNPCL has not yet responded to the allegations. IPMAN is calling on the government to intervene to avert a petrol scarcity. EKO HOT BLOG reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has accused the Nigerian National … Read more
Oil marketers, represented by the Independent Petroleum Marketers Association of Nigeria (IPMAN), have disclosed that they possess the necessary numerical strength to bring down the pump price of Petrol. This is in response to the ongoing fuel subsidy removal discussions that has plagued the Nigerian political space. President Tinubu, during his inauguration, declared an … Read more
Nigerians have had a tough time buying fuel for several months. IPMAN, a group of petroleum marketers, has complained that its members are not getting enough supply. The situation forced the association’s chapter in Borno to halt all operations earlier on Tuesday. Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN), … 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