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Marketers predict fuel price cut as crude drops

Petroleum marketers in Nigeria are anticipating a potential reduction in Premium Motor Spirit prices following a recent decline in global crude oil prices, according to the Petroleum Products Retail Outlet Owners Association of Nigeria. The association indicated that a new pricing structure could take effect as early as Monday, reflecting the lower cost of crude […]

News

Marketers seek FG support to set up CNG centres

The Independent Petroleum Marketers Association of Nigeria is urging the Federal Government to fund the conversion of petrol stations into Compressed Natural Gas refilling centres. The association praised the Presidential CNG Initiative as a promising step toward cleaner energy but stressed that large-scale implementation requires significant government investment. This appeal comes as the government reported […]

Oil and Gas

Marketers seek foreign traders for cheaper petrol imports

Oil marketers said they have initiated negotiations with international traders to bring in cheaper Premium Motor Spirit in a bid to remain competitive. In the same vein, the Independent Petroleum Marketers Association of Nigeria and oil workers insist that petrol from the Dangote Refinery should be sold at a price lower than ₦825 per litre, […]

News

Why some stations sell petrol above N1,000/litre – Marketers

Petroleum marketers explain that filling stations still sell Premium Motor Spirit, or petrol, above N1,000 per litre because they are yet to exhaust their old stock. They note that the previous stock was purchased at N970 per litre, and many stations still have it in their tanks. It was earlier reported that on December 19, […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Marketers start direct petrol loading from Dangote refinery

The Independent Petroleum Marketers Association of Nigeria has started lifting Premium Motor Spirit from the Dangote Petroleum Refinery. This comes after an agreement between IPMAN and the refinery was reached last month. IPMAN members have already lifted millions of litres of petrol from the Dangote refinery, which is situated in the Lekki Free Trade Zone […]

featured

Marketers to begin fuel lifting at P’Harcourt refinery soon

Petroleum marketers have stated that they are set to begin lifting fuel from the state-owned Port Harcourt refinery soon. They added that the process would be seamless as they are already customers of the NNPC. Speaking at the refinery complex on Tuesday, the Publicity Secretary of the Petroleum Products Retail Outlet Owners Association of Nigeria, […]

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Marketers warn against panic buying, say fuel available

Major petroleum marketers have reassured the public that there is ample petrol available for distribution, urging against panic buying. This was disclosed in a statement on Thursday, by the Chief Executive Officer of the Major Energies Marketers Association of Nigeria, Clement Isong. Isong confirmed that the Dangote refinery and the Nigerian National Petroleum Company Limited […]

News

Major marketers start petrol lifting from Dangote refinery

The Nigerian National Petroleum Company Limited has granted major petroleum marketers permission to begin lifting premium motor spirit, commonly known as petrol, from Dangote Petroleum Refinery. This move is in line with the existing agreement between NNPCL and the refinery. Under the initial agreement, NNPCL was designated as the sole distributor of the refinery’s petrol. […]

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Marketers demand direct access to Dangote refinery

Marketers are calling for direct access to the refinery’s output, criticizing the Nigerian National Petroleum Corporation’s dominance in the market. This is as the situation surrounding the sale and distribution of Premium Motor Spirit from the Dangote refinery has sparked controversy. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike […]

News

Marketers, refiners urge complete removal of subsidies

In a significant industry development, Nigeria’s petroleum marketers, refiners, and depot owners have called for the full deregulation of the country’s downstream oil sector. This move aims to eliminate government-imposed price controls and subsidies. The Major Energies Marketers Association of Nigeria, alongside the Depot and Petroleum Products Marketers Association of Nigeria, Crude Oil Refiners Association […]

IPMAN threatens strike over Soludo's taxation
Oil and Gas

Most marketers can’t afford petrol trucks, IPMAN laments

The Independent Petroleum Marketers Association of Nigeria has stated that its members are unable to purchase 45,000 gallons of petrol due to President Bola Tinubu’s removal of fuel subsidies. According to The PUNCH, the National Ex-officio of IPMAN and former Chairman of the association in Ogun State, Surajudeen Bada, revealed in an interview that oil marketers currently […]

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