Tag: IPMAN

N617 per litre fuel: “Declare state of emergency” – IPMAN tells Tinubu

Aminu Imam

The Independent Petroleum Marketers Association of Nigeria, (IPMAN), has urged President Bola Tinubu to declare a state of emergence on the country’s refineries. IPMAN Chairman in Rivers State, Dr. Joseph Obele, made the call against the backdrop of the hike of the pump price of Premium Motor Spirit, PMS, otherwise known as petrol. Recall that the pump price of fuel on Tuesday skyrocketed to N612 per litre. However, Obele said the ex-depot price increased from N487.7 per litre to N567.7 per litre. A statement by Obele said: “We saw a…

Read More

‘No plan to increase fuel to N700 per litre’ – IPMAN

Aminu Imam

Nigeria’s Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied reports that it plans to increase the pump price of Premium Motor Spirit (PMS), popularly known as petrol, to N700 per litre nationwide. This was disclosed by the Chairman of IPMAN South-West zone, Dele Tajudeen, who stated this  in an interview with the newsmen yesterday. The Marketers urged Nigerians to disregard the reports, stating that the price would not be more than what is being sold. Tajudeen stressed that the price of the product would not be more than what is being…

Read More

‘Dangote Refinery will address supply shortages, price hike’ – IPMAN

Aminu Imam

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the new Dangote refinery will address fuel shortage and price hikes in the country. Chairman of IPMAN, Enugu Community depot in charge of Anambra, Ebonyi and Enugu states, Chinedu Anyaso, stated this in an interview with the Newsmen in Awka, the State capital, on Monday. The 18.5 billion dollar Dangote refinery with 650, 000 barrel production capacity was inaugurated by President Muhammadu Buhari on Monday. Anyaso envisaged an initial increase in pump price, but said it would decrease in the long…

Read More

N195/litre Pump Price: Showdown looms, as fuel marketers plan shutdown today  

Aminu Imam

Independent marketers of Premium Motor Spirit, popularly called petrol, plan a lockdown on their operations beginning today, Monday once the Federal Government starts enforcing the N195/litre pump price. It was gathered at the weekend that the Nigerian National Petroleum Company Limited (NNOCL), Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria, Independent Petroleum Marketers Association of Nigeria (IPMAN), security agencies, and the downstream regulator had all agreed that petrol is sold at N195/litre. Oil marketers said the agreement was reached at a meeting in Abuja…

Read More

2023: IPMAN leadership endorses Tinubu

Aminu Imam

…Backs subsidy removal The Independent Petroleum Marketers Association of Nigeria (IPMAN) has endorsed the candidacy of Asiwaju Bola Ahmed Tinubu as the next President of Nigeria. Deputy National Chairman of the association, Comrade Zarma Mustapha, led other members of his team on Wednesday to the APC Presidential Campaign Council, in Abuja. The Independent Petroleum Marketers were received by the PCC Secretary, James Faleke and Comrade Adams Oshiomhole, who stood in for Asiwaju Bola Ahmed Tinubu; the PCC Director of Finance Wale Edun, as well as other notable members of the…

Read More

Fuel Subsidy Removal: IPMAN cautions Sanusi, el-Rufa’i against capitalist ideologies

Aminu Imam

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the former Emir of Kano, Muhammad Sanusi II and Kaduna State governor, Nasir el-Rufa’i, to stop making unguarded comments on the oil and gas sector. The association’s chairman, Northern chapter, Bashir Danmalam, gave the caution while addressing newsmen in Kano, on Tuesday. Danmalam was reacting to Sanusi’s comments at the 7th edition of the Kaduna Economic and Investment Summit, where he said that he was full of pity for the incoming president on account of the scale of the…

Read More

Fuel scarcity: IPMAN demands N40bn for fuel haulage, association from FG

Abdul-Azeez Ahmed Kadir

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday in Sokoto called on the Federal Government to settle the N40 billion debts it owed the association. It said the debt arose from haulage of petroleum products to Sokoto, Kebbi, Zamfara and parts of Katsina states by its members. Alhaji Surajo Yahaya-Kamba, IPMAN Branch Chairman at Gusau Depot, who supervises operations in the states, made the call at the end of a meeting of members. He said the agreement signed between the association and the Federal Government was for the…

Read More

IPMAN fears worse inflation, as diesel price jumps to N650 per litre

Aminu Imam

The Independent Petroleum Marketers Association of Nigeria, (IPMAN), says Nigeria risks one of its worse inflations and hardships on the citizens if the spike in the prices of diesel and other refined petroleum products continues. The association’s chairman, Enugu Depot, Chinedu Anyaso, raised the concern in an interview with newsmen in Awka, the Anambra State capital. Diesel price in Awka and its environs has jumped from N400 per litre about two weeks ago to N650. The product is a major source of energy for articulated vehicles, industries and hotels, especially…

Read More

IPMAN reveals reasons for fuel price hike

Aminu Imam

Following the increase in the price of premium motor spirit, otherwise known as petrol, the Independent Petroleum Marketers Association of Nigeria, (IPMAN), has blamed the recent rise on an increment in the ex-depot cost of petroleum. IPMAN’s Chairman, Benin Depot, Douglas Iyike, disclosed this while reacting to a directive issued by the Nigeria Union of Petroleum and Natural Gas Workers, (NUPENG), asking that the price should be reversed. According to him, the increment is due to the hike in the ex-depot price of petrol, which he said should be the…

Read More

Petrol scarcity: IPMAN warns against panic buying, says product will be available today 

Aminu Imam

The Independent Petroleum Marketers Association of Nigeria, (IPMAN), has assured Nigerians of the availability of petroleum products across the country from today, Wednesday. Maigandi made the caution yesterday, whilespeaking as a guest on a television programme, warned motorists against panic buying. “The government and the NNPC are working on it”, he stated. “There is no way we can sell those contaminated because it will affect motorists. However, car owners should stop panic-buying. By God’s grace, today or tomorrow, the product will be available nationwide”. Recall that Nigerians woke up to…

Read More