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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has commended Dangote Petroleum Refinery for extending its free petrol distribution scheme to several states, including Imo and Anambra, to ease financial and operational burdens.
Independent petroleum marketers in Nigeria are urging the government to halt petrol importation. They cite higher costs compared to local products and increased price volatility as reasons for their demand.
The Nigerian Federal Government has directed petroleum marketers and industry regulators to reduce fuel prices and end profiteering. This directive comes amidst high fuel prices in the country.
Depot prices for Premium Motor Spirit (petrol) have eased across several terminals in Lagos, while diesel prices have seen a sharp decline, as petroleum marketers adjust to shifting supply dynamics.
Petroleum marketers have expressed support for President Tinubu’s initiative to revive NNPC refineries, dismissing former President Obasanjo’s skepticism about their operational success.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has temporarily suspended the loading of petrol from the Dangote Refinery due to growing uncertainty over pricing.
The Federal Government of Nigeria has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure petroleum marketers do not exploit citizens through excessive pricing.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called for immediate reductions in fuel prices, citing the recent decline in international crude oil prices. The association urged marketers to adjust prices to reflect current market realities for consumers.
Competition among petroleum marketers and depot operators in Nigeria has intensified, leading to price cuts for petrol and diesel as crude oil prices continue to drop.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over increased petroleum product import licences, warning of potential price instability and higher pump prices.
The Nigerian federal government is engaging with petroleum marketers and industry regulators, urging them to reflect the global drop in oil prices in the pump prices of Premium Motor Spirit (PMS). This move aims to address concerns over high fuel prices in the country.
Chinedu Anyaso, the Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has announced his intention to contest for the Nnewi North/Nnewi South/Ekwusigo Federal Constituency seat in Anambra State.