‘Ɗangote Refinery’s direct fuel supply to end bottlenecks’ – IPMAN

IPMAN on Dangote refinery

The Independent Petroleum Marketers Association of Nigeria, (IPMAN) Rivers Chapter, has commended the planned direct distribution of Premium Motor Spirits by Ɗangote Petroleum Refinery to address long-standing limitations in the downstream industry. IPMAN Chairman, Tekena Ikpaki, made that remark while speaking to the newsmen in Port Harcourt on Wednesday. Ɗangote Petroleum Refinery, in a recent statement, announced that it had procured 4,000 brand-new Compressed Natural Gas-powered trucks to boost its fuel supply across the country. The new supply model, which seeks to eliminate costs on logistics, was part of the…

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?angote Fuel: “We dont need your N50 petrol price slash” – Nigerians knock IPMAN

Nigerians knock IPMAN

Nigerians have voiced their discontent over the recent N50 petrol price slash announced by the Independent Petroleum Marketers Association of Nigeria (IPMAN), calling it insignificant and unlikely to ease their burdens. Recall that IPMAN, through its National President Abubakar Maigandi, announced on Tuesday that ?angote Refinery had agreed to supply petrol to IPMAN members at N940 per litre for depots and N990 per litre for trucks. As a result, IPMAN members, who previously sold petrol between N1,150 and N1,200 per litre, would adjust their prices down by N50, depending on…

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IPMAN, ?angote reach agreement for direct lifting of petrol, diesel

IPMAN boss, Abubakar Garima3

The Independent Petroleum Marketers Association of Nigeria, (IPMAN), has secured an agreement with ?angote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this in Abuja yesterday, after a meeting of the National Working Committee of the association. He said the partnership will ensure steady, and affordable supply of PMS products nationwide. According to Girima, after meeting with Aliko ?angote and his management team in Lagos, were pleased to announce that ?angote Refinery has agreed to supply IPMAN with PMS, AGO, and DPK directly for distribution to our…

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?angote lied; marketers unable to load petrol at his refinery IPMAN

IPMAN boss, Abubakar Garima

The Independent Petroleum Marketers Association of Nigeria, (IPMAN), says its members cant load petrol from the ?angote Refinery in Lagos despite paying ?40 billion for the product. IPMAN President, Abubakar Garima stated this during a television programme yesterday. Recall that ?angote, on Tuesday held a meeting with President Bola Tinubu in Abuja and told reporters that he has over 500 million litres in tanks at his mammoth refinery but that marketers are not patronising his facility. Garima however, expressed surprise that ?angote said marketers were boycotting his refinery to buy…

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DSS-brokered peace: NNPC to sell PMS to IPMAN at N995/litre

NNPCL on fuel sale

The Nigerian National Petroleum Company Limited, (NNPCL), has finally agreed to sell petrol to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), at N995 per litre. This comes following the intervention of the Department of State Services (DSS), in the squabble between the two parties. IPMAN’s National vice-president, Hammed Fashola, stated that the intervention of the DSS solved a lot of challenges facing marketers. Fashola also confirmed that through their intervention, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA) agreed to pay the associations outstanding N10bn while…

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IPMAN warns of another round of fuel scarcity

IPMAN warns

The Independent Petroleum Marketers Association of Nigeria, (IPMAN) has warned Nigerians of another round of fuel scarcity. IPMAN’s National Public Relations Officer, Okanlawon Sulaiman Olanrewaju, who gave a hint of the expected scarcity when he spoke with newsmen on Friday in Ilorin, the Kwara State, said the expected round of fuel scarcity followed the price the Nigerian National Petroleum Corporation Limited (NNPCL) has imposed on marketers. According to him, it was too high and could cause another round of fuel scarcity. He said NNPCL wants to sell at N1,010 to…

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IPMAN decries selling of ?angote Petrol higher than imported fuel

IPMAN decries

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the pricing of petrol from the Dangote Refinery, urging the Nigerian National Petroleum Company Limited (NNPCL) to ensure it is not sold at a higher price than imported fuel. According to IPMAN, it doesnt make sense for the NNPCL to sell petrol lifted from the ?angote Refinery higher than imported ones, adding that the pricing strategy for locally refined petrol should reflect the advantages of domestic production, offering Nigerians a more affordable option. This was disclosed by the…

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Fuel scarcity looms again, as petrol price hits N1,000/litre in FCT, Lagos, Kano, others

Petrol hawkers

Another scarcity looms once more, as the price of Premium Motor Spirit (PMS), better known as fuel or petrol, is nearing ?1,000 per litre at filling stations across several States, including the Federal Capital Territory (FCT), Abuja. According to reports, the supply of petrol has experienced intermittent availability throughout the nation, resulting in numerous filling stations being unable to provide the product. Recent findings have revealed the unpleasant experience of motorists and general consumers of the product in FCT and various States across Nigeria. It was revealed that at certain…

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‘Fuel scarcityll last for 2 more weeks’ IPMAN

Fuel queues

…Says NNPC not supplying them with products The Independent Petroleum Marketers Association of Nigeria, (IPMAN), said yesterday that the petrol scarcity currently spreading to more States across the country will take at least two weeks to normalise. This is even as the Nigerian National Petroleum Company Limited, (NNPCL), insisted yesterday that it has adequate stock of the product. However, IPMAN’s Public Relations Officer, Chinedu Ukadike, said the product is not available in the country, adding that it has become a bit of a challenge to source the product because most…

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Diesel : “Why we can’t sell at new price” – IPMAN

IPMAN

Automotive gas oil (AGO), also known as diesel, sold for as high as N1,500 at fuel stations in Lagos and Abuja on Saturday. According to reports, in Abuja, the price of the product was N1,450 per litre at Eterna, Banex, and N1,500 a litre at Emadeb, Kado. In Lagos, Mobil and TotalEnergies fuel stations in Festac Town, sold for N1,300 per litre and N1,500 per litre, respectively. The prices have remained the same despite Dangote refinery announcing a reduction in its costs of diesel to marketers from N1,200 to N1,000…

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