Petrol shortages facing Abuja and neighbouring states intensified yesterday as more stations ran out of the product leaving commuters and motorists struggling to go about their daily business. Chaos reigned at few filling stations dispensing the product with black marketers hiking petrol price to N1,500 per litre from N1,000 per litre sold the previous day. Checks around the city showed that …

Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have berated the Nigerian National Petroleum Company Limited (NNPCL) for alleged delay in the supply of petroleum products. As a result, the marketers said they had been forced to boycott the NNPCL to source fuel from private depot owners at a higher cost. In an exclusive …

Refined petroleum products from the $20 billion Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register …

Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in Rivers State, Dr Joseph Obelle, has described as selfish and political, the current leadership of the Nigeria Labour Congress (NLC). In a statement on Friday in Port Harcourt yesterday, Obelle said it was unfortunate that the Comrade Joe Ajaero-led NLC was not people-oriented, but after their pockets. The statement …

Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in Rivers State, Dr Joseph Obele, has called on the Nigerian National Petroleum Company Limited (NNPCL) to tell Nigerians the truth about the continued payment of subsidy for premium motor spirit (PMS) in the country. In a statement made available to newsmen in Port Harcourt, Rivers State yesterday, Obelle said …

The Chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN), Rivers State Chapter, Joseph Obele, has enjoined the Federal Government to ensure that the nation’s refineries are fixed as planned. He stated that the cost of Petroleum Motor Spirit (PMS), also known as petrol, would crash below N200 per litre should the refineries become functional. This is coming against the …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said the price of Premium Motor Spirit (popularly known as fuel or petrol) would continue to increase as long as the United States Dollar rose in the foreign exchange market. Reacting to speculation of further fuel pump hikes, IPMAN National Chairman, Mr. Chinedu Okoronkwo told newsme that fuel price would keep soaring …

The President of, Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that apart from international pricing, extortion by security agencies, such as the Department of State Services (DSS), Police and arbitrary levies by government agencies were responsible for the recent increase in fuel price from N537 to N617. The National President of the association, Mr Chinedu Okoronkwo, made the …

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, also known as petrol. The pump price of fuel on Tuesday …

Large consignments of Premium Motor Spirit (popularly called petrol or fuel), being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday. It was also gathered that crude oil refiners were currently releasing refined petroleum products on credit to dealers from …