Marketers upbeat on further fuel price cut as Tinubu stamps subsidy removal
Nigeria’s oil marketers are hopeful that petrol prices will continue to fall in the coming days. Currently, prices are between N935 and N965 per litre, with some stations in Abuja offering the lower prices. This price drop follows President Bola Ahmed Tinubu’s decision to remove the fuel subsidy, a move he says was necessary to […]
Petrol To Sell ₦935/Litre From Today – IPMAN
As of today, December 23, 2024, petrol prices in Nigeria will drop to N935 per litre. This new price is a result of a recent agreement between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Dangote Refinery, which has adjusted its pricing structure to support a nationwide reduction in fuel costs. According to IPMAN’s […]
Marketers Start Direct Fuel Supply from Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has started buying petrol directly from the Dangote Refinery. This milestone agreement aims to streamline fuel distribution and reduce costs by cutting out middlemen. IPMAN began lifting petrol from the Dangote Refinery in late November 2024. Initially, the products were accessed through MRS Oil as a temporary […]
IPMAN Announces Petrol Price Cut Due to Dangote Refinery Deal
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has made a significant announcement that will directly impact petrol prices in the country. After securing a deal with Dangote Refinery, the association revealed that the price of petrol will drop by N50. This move is expected to bring some relief to Nigerian consumers who have been […]
Dangote Refinery Denies Selling PMS Between N1, 015, N1, 028/Litre
Recently, there has been a lot of talk about the price of petrol from the Dangote Refinery. Some reports claimed that the refinery was selling petrol at a rate between N1,015 and N1,028 per litre. However, Dangote Refinery quickly denied these claims, calling them “fake news” on their official X (formerly Twitter) account on November […]
We Have Over N40bn Outstanding With NNPC – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has recently addressed a significant delay in receiving petroleum products from the Nigerian National Petroleum Company Limited (NNPCL). According to Abubakar Garima, IPMAN’s President, association members currently have over N40 billion in outstanding product supplies with NNPCL, awaiting their long-due delivery. Garima raised these concerns during an […]
Dangote Petrol: IPMAN and PETROAN Suggest Potential Price Decrease
Nigeria has been grappling with soaring fuel prices, but a glimmer of hope is on the horizon as petroleum marketers prepare to buy petrol directly from the Dangote Refinery. With the Nigerian National Petroleum Company Limited (NNPC) no longer acting as a middleman, this shift is expected to reduce the cost of fuel for Nigerian […]
Fuel Scarcity: Petrol Prices Reach N720 Per Litre
Due to private depot owners raising the ex-depot price of petrol from N630 to N720 per litre, fuel scarcity is beginning to manifest in Lagos and other regions of Nigeria. Due to their refusal to purchase the pricey fuel from private depots, numerous gas stations in Lagos, Ogun, and other states have ran out of […]
Petrol Price Hits N2,000 per Liter in Adamawa Due to IPMAN Strike
The Independent Petroleum Marketers Association of Nigeria (IPMAN) in the Adamawa/Taraba region is continuing its strike, leading to petrol prices reaching N2,000 per liter. Dahiru Buba, the IPMAN Chairman, told the News Agency of Nigeria in Yola that the strike is due to continuous harassment and unlawful seizures of petrol tankers by the Nigeria Customs […]