Independent Petroleum Marketers Association of Nigeria (IPMAN) Depot Chairmen Forum yesterday gave Nigerian President Bola Tinubu seven working days ultimatum to pay its over N100billion bridging claims. In its communique issued to reporter in Abuja, the Depot Chairmen Forum, Alhaji Yahaya Alhassan said should the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fail to…
The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has urged the Federal Government to consider the privatisation of the nation’s refineries so that private sectors investors would be able to manage it profitably. Its National President, Mr Abubakar Shettima, gave the advice while speaking at the Annual General Meeting (AGM) of the Western Zone of…
Alhaji Abubakar Shettima, National President, Independent Petroleum Marketers’ Association of Nigeria (IPMAN), has commended President Bola Tinubu’s efforts at ensuring energy security. Shettima gave the commendation in Ibadan at Tuesday’s Annual General Meeting (AGM) and election of new executives of IPMAN Western Zone. According to the IPMAN president, Tinubu did the right thing immediately when…
An oil marketing group, Independent Petroleum Marketers Association of Nigeria (IPMAN), has advised Nigerians not to fret over potential hike in the pump price of petrol as the prices of crude oil rallies in the international market. Its National President, Mr Abubakar Shettima assured that members of the association will continue to serve the masses…
Following the increase in the ex-depot price of premium motor spirit (PMS) or petrol to N950 per litre from the previous N909 per litre by depot owners, there is now a surge in oil marketers seeking to key into the bulk-purchase agreement incentives being offered by the Dangote Petroleum Refinery. The refinery, which has pegged…
Nigeria’s Minister of Petroleum Resources (Oil), Senator Heineken Lokpobiri, has assured oil and gas players that pump prices of fuel shall continue to be determined by the forces of demand and supply as is the practice is a deregulated market environment. The minister spoke at the Petroleum Industry Stakeholders Forum Meeting in Abuja, which brought…
Oil marketers have accused Dangote Refinery of fixing a product price regime that is the highest when compared with other sources. Acting under the aegis of Independent Petroleum Marketers Association of Nigeria (IPMAN), they said it is more expensive to buy premium motor spirit (PMS) or petrol from the Dangote Petroleum Refinery than from other…
