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Tag: IPMAN

Domestic refining output falls by 92% - Report
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P’Harcourt refinery wasn’t producing petrol before shutdown – IPMAN

The Independent Petroleum Marketers Association of Nigeria stated that the Nigerian National Petroleum Company Limited had to shut down the Port Harcourt Refining Company to save face. IPMAN emphasized that the shutdown has little impact on the Nigerian petrol market, noting that the refinery had not produced petrol for nearly three months before the closure. […]

Oil and Gas

IPMAN accuses NMDPRA of withholding fuel bridging claims 

The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Shettima, has raised concerns over unpaid fuel bridging claims by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Shettima made this known during a courtesy visit to the FCT Director of the Department of State Services, Usman Dauda, on Tuesday. While commending President […]

Oil and Gas

IPMAN urges filling station owners to adopt strict fire safety measures

The Independent Petroleum Marketers Association of Nigeria has called on filling station owners to adopt effective fire safety measures to prevent fires and minimize loss of lives and property. The Chairman of IPMAN’s Enugu Depot Unit, Mr. Chinedu Anyaso, made this disclosure on Sunday in Enugu, stressing the importance of fire precautions in the oil […]

Oil and Gas

Marketers losing money over Dangote, NNPC price war, IPMAN laments

The ongoing price competition between the Nigerian National Petroleum Company Limited and Dangote Petroleum is creating challenges for members of the Independent Petroleum Marketers Association of Nigeria. While consumers benefit from lower fuel prices, IPMAN members said there struggle with frequent and unpredictable price changes, making business operations difficult. Speaking in Awka on Friday, the […]

News

S’West IPMAN threatens shutdown over seized tankers in Lagos

The Independent Petroleum Marketers Association of Nigeria, South-West Zone, has threatened to shut down operations across the region if the Lagos State government does not release 30 seized tankers. The Chairman of IPMAN Western Zone, Joseph Akanni, disclosed this on Monday during an interview with pressmen in Ibadan, Oyo State. Akanni expressed IPMAN’s support for […]

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Fuel price drops to N935/litre today – IPMAN

The Independent Petroleum Marketers Association of Nigeria has announced that petrol will be sold at N935 per litre starting from Monday, under a new arrangement with the Dangote Petroleum Refinery. IPMAN’s National President, Maigandi Garima, said that the reduction in Dangote Refinery’s ex-depot price for petrol, along with the uniform arrangement being implemented, would allow […]

News

Petrol to drop below N1000/litre, IPMAN predicts after Dangote price slash

Oil marketers under the Independent Petroleum Marketers Association of Nigeria have projected a decrease in the retail price of Premium Motor Spirit to N950 per litre in Lagos State. In addition, IPMAN also indicated that customers in the Federal Capital Territory may pay around N990 per litre. The IPMAN National Publicity Officer, Chief Chinedu Ukadike, […]

News

Deal with Dangote refinery to reduce fuel prices – IPMAN

The Independent Petroleum Marketers Association of Nigeria has said that the partnership with Dangote Refinery is expected to improve the availability of fuel and help reduce prices for Nigerians, offering a more stable and affordable supply of petroleum products. This follows the signing of agreement with the Dangote Petroleum Refinery to directly source petroleum products. […]

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IPMAN signs agreement to buy petrol directly from Dangote refinery

The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to directly purchase petroleum products, including petrol, diesel, and others. This was disclosed by IPMAN’s National President, Abubakar Garima, following a meeting of the association’s National Working Committee in Abuja on Monday. This development comes months after the Nigerian National Petroleum […]

News Oil and Gas

Petrol prices could fall as marketers buy from Dangote – IPMAN

The National Secretary of the Independent Petroleum Marketers Association of Nigeria, James Tor announced that petrol prices could drop as the federal government has permitted marketers to purchase fuel directly from Dangote Refinery and import from other sources. Tor made this statement in an interview while speaking on the recent deregulation effort by the federal […]

News

IPMAN to discuss Petrol lifting agreements with Dangote on Tuesday

The Independent Petroleum Marketers Association of Nigeria is set to engage in discussions with Dangote Petroleum Refinery between Tuesday and Wednesday to finalize agreements regarding the cost and lifting of petrol from the facility. Reports indicate that the Petroleum Retail Outlet Owners Association of Nigeria has been asked by the $20 billion Lekki-based refinery to […]

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Petrol price hike: IPMAN threatens to halt operations nationwide

The Independent Petroleum Marketers Association of Nigeria has announced a potential nationwide shutdown due to the high prices at which the Nigerian National Petroleum Company Limited is selling petrol to its members. IPMAN revealed that petrol is currently being supplied to independent marketers at N1,010/litre, while the cost from the Dangote Petroleum Refinery is approximately […]

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