Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at cheaper rates compared to that of Dangote. In …

Oil marketers, on Friday, revealed that the price of Premium Motor Spirit (PMS), popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import the commodity and sell it below the Dangote refinery price as well as the price being sold by NNPC …

Oil marketers have again written a letter to the Dangote Petroleum Refinery expressing their willingness to buy refined petroleum products from the $20 billion plant. They disclosed this on Wednesday following Tuesday’s remarks by the President of Dangote Group, Alhaji Aliko Dangote, that marketers were not buying products from the Lekki-based facility. Dangote faulted the continued importation of petrol by …

The Nigerian National Petroleum Company Limited (NNPCL) has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at N995 per litre. This followed the intervention of the Department of State Services (DSS) in the controversy between the two parties. The National Vice President of IPMAN, Hammed Fashola, told The PUNCH that …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) had been asked by the $20 billion Lekki-based refinery to resend its …

NNPC Limited (NNPCL) has agreed to permit oil marketers, who operate under the auspices of the Independent Petroleum Marketers Association of Nigeria (IPMAN), to commence the lifting of Premium Motor Spirit (petrol) from its depot at a lower price. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has also committed to issuing import and off-taker licenses to the oil …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over likely fuel scarcity despite the increasing costs of petroleum products. The association said there appeared to be disagreement between members of the association and the management of the Nigeria National Petroleum Company Limited (NNPCL). Speaking with journalists in Ilorin on Friday, the IPMAN National Public Relations Officer, …

Oil marketers have said that the Nigerian National Petroleum Company Limited (NNPCL) portal used to purchase petrol has been shut against dealers, making it impossible for them to apply for the commodity purchase. They said marketers are still awaiting over 90 million litres of petrol from the state-owned company. This is valued at about N79 billion. Amid marketers’ complaints over …

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that the Nigerian National Petroleum Company Limited (NNPCL) has not usurped its powers in determining the price of petrol in the country. The Chief Executive Officer of NMDPRA, Engr. Farouk Ahmed, spoke in the wake of insinuations that the NNPCL had taken over one of the agency’s key functions. …

As fuel scarcity deepens across the country, marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have said their National Executive Council (NEC) would be meeting officially on Monday to find a lasting solution to the problem. Speaking exclusively with Sunday PUNCH on Saturday, the National President of IPMAN, Hammed Fashola, said that Monday’s meeting became …