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
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 Federal Government has officially granted petroleum marketers the authority to lift petrol directly from the Dangote refinery, effectively bypassing the Nigerian National Petroleum Company Limited (NNPC) and ending its monopoly as the sole distributor of Dangote’s refined fuel. EDITOR’S PICKS Health, Planning Ministries Partner with AfDB on Sustainable System Project Shamim Ahmed: Student Ally … Read more
Petroleum marketers in Nigeria have raised concerns about the negative impact of Dangote Refinery’s reduced diesel prices on their businesses. In a letter addressed to President Bola Tinubu, the marketers stated that the refinery’s recent decision to lower local diesel prices to ₦900 per litre is adversely affecting their operations. EDITOR’S PICKS Police Arrest Man … Read more
Eko Hot Blog reports that the Federal Government, through the Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited, have refuted claims of subsidy reinstatement on Premium Motor Spirit (petrol) made by various individuals and groups.” The government also challenged those who make this argument to provide evidence to justify their allegations, stressing … 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 President Bola Tinubu has been told to take cues from Kenya concerning the ongoing crisis surrounding the removal of fuel subsidy on Premium Motor Spirit, popularly called petrol. Oil marketers have said the gradual relaxation of the removal of subsidy on the product amidst the forex crisis would be the … Read more
The Lagos government has moved to regulate the activities of major and independent petroleum marketers. The government said the move is aimed at addressing the traffic gridlock on highways. The state’s transportation commissioner announced that petroleum marketers can now only operate within a specific timeframe. Eko Hot Blog reports that the Lagos State Government has … Read more