Petrol prices are set to drop to N935 per litre as Dangote Refinery reduces its ex-depot price to N899.50. IPMAN announces the new pricing structure, citing deregulation and increased refinery activities as key factors. The initiative promises uniform pricing, boosting affordability and...
Dangote Refinery and IPMAN have signed a deal to supply 60 million litres of petrol weekly, leading to price reductions at filling stations. The agreement, which aims to stabilize fuel prices in Nigeria, is expected to bring down prices by N10 to N50 per litre.
Dangote Refinery and the...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured a bulk purchase deal with Dangote Petroleum Refinery, allowing members to buy petrol at N990 per liter when transported by truck. This direct supply arrangement aims to reduce pump prices, ensure consistent...
IPMAN has instructed members to exclusively source Premium Motor Spirit (PMS), AGO, and DPK from Dangote Refinery, ending plans to import fuel. This new agreement aims to reduce fuel prices and ensure stable supply across Nigeria, promoting local refining and job creation.
The Independent...
The Dangote Petroleum Refinery clarified it hasn't received payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for petrol sales. The refinery stated that no approval from the Nigerian National Petroleum Corporation (NNPC) exists for such transactions, emphasizing...
The Nigerian National Petroleum Company (NNPC) will sell petrol to the Independent Petroleum Marketers Association of Nigeria (IPMAN) at N995 per litre. This agreement, facilitated by the Department of State Services, aims to resolve pricing disputes and reduce fuel costs, addressing ongoing...
IPMAN highlights a N15 billion debt owed by NNPCL, impacting petroleum supply to marketers. Calls for direct sourcing from Dangote Refinery aim to alleviate pressure amid ongoing fuel shortages across Nigeria.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised alarm...
Oil marketers in Nigeria assure that petrol prices will drop once direct lifting from Dangote Refinery begins. Following a recent price surge, stakeholders like IPMAN emphasize the need for independent distribution to eliminate price disparities and foster competition, promising more affordable...
Fuel scarcity worsens in Nigeria as IPMAN reveals NNPC hasn't supplied petroleum products for three years. Marketers now depend on private depots, buying fuel at N750 to N850 per liter. This shortage has led to long queues in major cities, exacerbating the nation's ongoing energy crisis.
The...
Dangote Petroleum Refinery has refuted claims that it has set petrol prices at N600 per litre. The refinery's spokesperson, Anthony Chiejina, clarified that it has not engaged with IPMAN on pricing and urged the public to rely on official channels for accurate information as it prepares for...
As fuel scarcity intensifies across Nigeria, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has escalated tensions by threatening to disrupt the supply of Premium Motor Spirit (PMS), commonly known as petrol. The catalyst for this drastic action is the alleged non-payment of...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has issued a grim projection, stating that the ongoing fuel scarcity plaguing the nation may persist for at least two more weeks. Despite assurances from the Nigerian National Petroleum Company Limited (NNPCL) regarding adequate...
Fuel scarcity continues to worsen across various regions of Nigeria, including Lagos, Ogun State, and Abuja, despite claims by the Nigerian National Petroleum Corporation (NNPC) Limited that all issues have been resolved. Reports from Nairametrics reveal that petrol prices have soared to as high...
Dangote Petroleum Refinery has registered key associations, MOMAN, IPMAN, and DAPPMAN, constituting 75% of Nigeria's total market share. This move is a strategic step, aligning with the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers...
As Nigeria faces the possibility of soaring petrol prices due to a weakening naira and rising crude oil costs, the Federal Government may be forced to spend approximately N1.68 trillion on petrol subsidies from September to December this year, according to oil marketers and industry data...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the only way to end scarcity and high cost of petroleum products in the South-east is to fix the Enugu Depot. IPMAN speaking through its Chairman, Enugu Depot, Chief Ikechukwu Nwankwo, disclosed this in an interview with...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that the only way to end scarcity and high cost of petroleum products in the South-East is to fix the Enugu Depot. IPMAN Speaking through its Chairman, Enugu Depot, Chief Ikechukwu Nwankwo, disclosed this in an...
The National Operations Controller, Independent Petroleum Marketers Association of Nigeria, Mr. Mike Osatuyi, tells ’FEMI ASU and OKECHUKWU NNODIM, that deregulation will increase pump price What are your thoughts on the current state of the downstream sector? The issue is that deregulation will...
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