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Tag: petroleum marketers

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 […]

Fuel scarcity eases gradually after five months
Oil and Gas

Fuel scarcity eases gradually after five months

FThe severe fuel scarcity that has plagued the country since November 2022 is gradually phasing out, as petroleum products are already being made available at filling stations with little or no queues.   This development follows the efforts of the Nigerian National Petroleum Company Limited, the Major Oil Marketers Association of Nigeria, Independent Petroleum Marketers […]

petrol pump
Oil and Gas

FG empowers NMDPRA to tackle petrol price hike

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has hinted that the Federal Ministry of Justice would gazette three new regulations, this week, to enhance the authority’s capacity to curb fuel overpricing by marketers.   The Guardian reported that the Authority Chief Executive, Farouk Ahmed, issued this warning in Abuja, on Monday, at a stakeholders’ […]

Group backs sale of NNPC
Policy and Regulations

NNPCL PMS pump price rises above N184/ltr

The Nigerian National Petroleum Company Limited, on Thursday, increased the pump price of Premium Motor Spirit at its filling stations in Abuja to N194 per litre from N179 per litre.   Leadership reported that, in Lagos, NNPC filling stations visited displayed N184 per litre for PMS.   This development is coming after weeks of petrol […]

Energy

Falana faults FG over irregular petroleum products prices

Human Rights Activist and Senior Advocate of Nigeria, Femi Falana, has condemned the attitude of the Federal Government in allowing private companies to fix prices of petroleum products. He also called on the FG to tell Nigerians why the migration from PMS to CNG has been abandoned.Falana, according to Vanguard, in a statement issued on […]

petrol pump
Business News

Petroleum marketers demand access to forex

The Depots, and Petroleum Products Marketers Association of Nigeria on Tuesday asked the Federal Government to allow its members access foreign exchange at the official rate. The association said such gesture would boost fuel supply across the country. The DAPPMAN’s Chairman, Mrs Winifred Akpani, while speaking during a press conference in Lagos State, said accessing […]