…its petrolEarlier, Legit.ng reported that the Dangote Petroleum Refinery has named 20 petroleum marketers authorised to buy Premium Motor Spirit (PMS) from its facility, introducing a consortium-based structure that reshapes how petrol from the plant reaches the Nigerian market.A communication shared with petroleum mar…

…on Instagram!This means motorists in Lagos can now buy petrol at a lower price as petroleum marketers respond to changes in the cost of locally refined products.The development is also being seen in Abuja, where AA Rano, Ranoil and other filling stations have reduced their petrol prices to N1,400 per litre from N1,420.…

…conditions. Mr Chinedu Ukadike, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), assured Nigerians that marketers would continue to adjust to prevailing market conditions. He said marketers would also seek ways to remain competitive and sustain their businesses. Ac…

…decline in global crude oil prices is piling fresh pressure on Nigerian refiners and petroleum marketers to reduce petrol prices, raising expectations that motorists could see some relief at filling stations.Crude prices retreated at the weekend after an earlier surge linked to renewed tensions in the Middle East pushe…

…oil prices, DailyTrust reports.The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, said filling stations had updated their pump prices in response to successive wholesale adjustments. He said frequent wholesale price changes create uncertainty for ope…

…prevent further economic hardship. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, said marketers reviewed their pump prices following a series of adjustments by Dangote refinery. Ukadike said the frequent price changes were creating uncertainty f…

…the latest N65 increase brought the total rise to N100 within the period.Independent petroleum marketers have followed suit, with depots in Lagos, Calabar, Port Harcourt and Warri quoting wholesale prices between N1,290 and N1,400 per litre. Retail pump prices in Kaduna have reportedly climbed beyond N1,330 per litre.N…

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has appealed to the Federal Government to intervene in the operations of Dangote Refinery to help reduce retail fuel prices. The National President of IPMAN, Abubakar Maigandi, made the appeal in an interview with DAILY POST on Tuesday. His appeal comes…

The Independent Petroleum Marketers Association of Nigeria, IPMAN and the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, have revealed the reasons for the latest fuel price hike in Nigeria. The national presidents of IPMAN and PETROAN, Abubakar Maigandi and Billy Gillis-Harry, respectively, b…

…and abuse associated with the previous subsidy regime. He alleged that funds meant for petroleum marketers were sometimes diverted, while some marketers were paid for products that were not delivered. “During the subsidy regime, a lot of funds allocated to oil marketers were not going to the designated areas. “Funds we…

…technology, energy, stocks, investment, and the economy for over a decade.Independent petroleum marketers have praised Dangote Petroleum Refinery’s free petrol delivery initiative, saying it could ease operational pressures, improve cash flow and help drive down pump prices across Nigeria.Marketers hail faster, cheaper…

…for over a decade.Heavy truck traffic has returned to the Dangote Petroleum Refinery as petroleum marketers increase purchases of petrol and diesel, drawn by the refinery’s lower gantry prices compared with several Lagos depots.The renewed activity is particularly noticeable in diesel, with trucks lining up to load Aut…

…prolonged inactivity of the facility had displaced workers, businesses, contractors and petroleum marketers whose livelihoods were linked to its operations. HOSCOM also backed the proposed technical equity partnership between NNPC and Chinese firms for the restart and expansion of the refinery, urging stakeholders to e…

…the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers Association of Nigeria (IPMAN), and Major Energies Marketers Association of Nigeria (MEMAN), to deliberate on reforms aimed at ensuring stable fuel supply and attracting investment. Chairman of the committee, Re…

…in response to higher landing costs.IPMAN warns of imported fuel pressureThe Independent Petroleum Marketers Association of Nigeria has urged the Federal Government and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to urgently reassess recently issued fuel import licences.IPMAN’s National Publici…

…the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure petroleum marketers do not exploit Nigerians through excessive pricing under the deregulated downstream petroleum market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, gave the directive in Abuja yeste…