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 …

Private Premium Motor Spirit (PMS) depots have crashed the prices of fuel amidst speculations of a rise to N700 per litre this month. The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Saturday denied plan by the association to increase the pump price of petrol to N700 per litre this month. On the contrary, The Nation confirmed that private depots …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied reports that it plans to increase the pump price of Premium Motor Spirit (PMS), also known as petrol, to N700 per litre nationwide. IPMAN Chairman for South West zone, Alhaji Dele Tajudeen told the News Agency of Nigeria in Ibadan on Friday that the price of the product would not be …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has commended President Bola Tinubu for subsidy removal and tasked him with palliatives for Nigerians. IPMAN National President, Mr Debo Ahmed told newsmen in Abuja that, for a long time, the group had been supportive of the removal of fuel subsidy because of its implication on the economy and the market space. …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised alarm over the circulation of the low-density grade of automotive gas oil (better known as diesel), in the South East of the country. Chairman of IPMAN’s Enugu depot community in charge of Anambra, Ebonyi, and Enugu States, Chinedu Anyaso, said Awka, Anambra State capital, on Sunday that the association’s leadership …

Officially, the price of petrol is now N185 per litre, up from N170/litre. The increase takes immediate effect. In the new price regime, the ex-depot price also shot up from N148/litre to N167. But the product – officially known as Premium Motor Spirits (PMS) – has largelly been sold for between N200/litre and N300, and even much more in most …

Another round of fuel scarcity looms in the Federal Capital Territory, Abuja and some neighbouring states as the Suleja Depot branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN ) started a three-day warning strike on Monday. The Suleja depot supplies Kaduna, Nasarawa, Kogi, Niger and some other states. The marketers are insisting that the Federal Government must pay their …