News

IPMAN: Confirms another fuel price hike amid widespread hardship

Ihesiulo Grace 14 August 2023 0

Chinedu Okoronkwo, president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed the imminent price increase due to naira depreciation. The volatility of the naira to the dollar has taken its toll on the rising cost of fuel in Nigeria among other local and

Business

Fuel queues may persist at major marketers’ Outlets, says IPMAN

Ihesiulo Grace 5 January 2023 0

By Godwin Anyebe IPMAN, Oil marketers have said fuel queues at filling stations across the country may persist if consumers and motorists’ continue to buy the product at selected filling station dispensing the product below N200/litre. The National Operations Controller, Independent Petroleum Marketers Association of Nigeria (IPMAN) Mike Osatuyi, said recently that the

Headlines

Queues for petrol resurface in Lagos as IPMAN members shut stations

Ihesiulo Grace 21 June 2022 0

Fuel queues on Monday resurfaced in most parts of Lagos State following the decision of some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to shut down their operations. Mr Akin Akinrinade, Chairman, IPMAN, Lagos Satellite Depot, Ejigbo, who confirmed the development to newsmen in Lagos said the members took the decision because […]

News

IPMAN, others back FG on petrol subsidy removal by 2022

Ihesiulo Grace 27 November 2021 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has backed the Federal Government’s plan to remove subsidy on Premium Motor Spirit (PMS), also known as petrol by 2021. IPMAN’s President, Mr. Chinedu Okoronkwo, told the News Agency of Nigeria (NAN) on Friday in Lagos that the Petroleum Industry Act (PIA) signed into law by President […]

News

Gridlock on Enugu-Onitsha expressway may hinder fuel supply to S’East – IPMAN

Ihesiulo Grace 29 October 2021 0

Independent Petroleum Marketers Association of Nigeria (IPMAN) says movement of petroleum products within the South-East zone is being greatly hindered by the condition of some inter-state roads. Chairman of IPMAN, Enugu depot, Mr Chinedu Anyaso, stated this in an interview with the News Agency of Nigeria (NAN) in Awka on Friday. NAN reports that the […]

News

IPMAN threatens strike action over alleged extortion

Ihesiulo Grace 20 June 2021 0

Doosuur Iwambe, Abuja The Independent Petroleum Marketers Association of Nigeria, IPMAN, Suleja/Abuja Unit, has threatened to embark on an industrial action over alleged extortion by officials of Department of Petroleum Resources, DPR. According to the Chairman of the Unit, Alhaji Yahaya Ahman Alhassan, the strike action will commence on Monday, June 21, 2021. IPMAN also

News

IPMAN laments incessant attacks on personnel in Delta

Ihesiulo Grace 5 June 2021 0

Mr Eshanekpe Israel, Delta Coordinator, Surveillance and Enforcement Team of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has alleged incessant attack on personnel of the surveillance outfit. Israel, who disclosed this in a statement made available to newsmen on Saturday in Warri, also called on the security agencies to come to his aid. He […]

News

Don’t scrap equalization fund, IPMAN tells FG

Ihesiulo Grace 16 March 2021 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has appealed to the Federal Government not to yield to calls to scrap the Petroleum Equalisation Fund (PEF). IPMAN made the appeal via a statement issued on Tuesday in Abuja by its National Public Relations Officer, Alhaji Yakubu Suleiman. He said that the calls were made by […]

News

IPMAN rejects scrapping of Petroleum Equalisation Fund

Ihesiulo Grace 9 March 2021 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has rejected the proposed scrapping of the Petroleum Equalisation Fund (PEF), asserting that it fosters national unity. IPMAN’s President, Mr. Chinedu Okoronkwo, told the News Agency of Nigeria (NAN) on Tuesday in Lagos that PEF was very relevant as the country was progressing towards the full deregulation

News

Fuel: Stop panic buying, IPMAN advises

Ihesiulo Grace 1 March 2021 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised Nigerians to stop panic buying and stocking Premium Motor Spirit, popularly known as petrol. Alhaji Suleiman Yakubu, the National Public Relations Officer of IPMAN, who gave the advice on Sunday in Abuja decried the panic purchases and long queues witnessed in various filling stations across

Headlines News

Why some stations in Lagos aren’t selling fuel, by IPMAN

Ihesiulo Grace 14 November 2020 0

Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday said that filling stations in Lagos were not selling fuel because of uncertainty over the new pump price. IPMAN’s president, Mr Chinedu Okoronkwo, made this known in an interview in Lagos. The Petroleum Products Marketing Company (PPMC) had adjusted the ex-depot price of Premium Motor Spirit […]

Oil & Gas

DPR warns IPMAN against exploitation

Ihesiulo Grace 19 September 2020 0

Department of Petroleum Resources (DPR) has warned Independent Petroleum Marketers (IPMAN) in Osun against exploiting motorists in the sale of Premium Motor Spirit (PMS). Mr Olusegun Daboh, the DPR Operations Controller in the state, gave the warning on Friday in Osogbo when he received the newly elected IPMAN Executives. Daboh said the department would continue […]

News

DPR warns IPMAN members against selling petrol above official pump price

Ihesiulo Grace 18 June 2020 0

The Department of Petroleum Resources (DPR) in Osogbo, Osun state has warned members of the Independent Petroleum Marketers Association (IPMAN) against selling petrol above the official pump price. DPR Operations Controller, Mr. Olusegun Daboh, gave the warning in an interview on Wednesday in Osogbo. He said the official pump price which filling stations were allowed […]

Oil & Gas

We can’t sell petrol at new pump price– IPMAN

Ihesiulo Grace 2 June 2020 0

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said it can sell petroleum product at N123.5 per litre and not N121.5 new PPMC pump price. IPMAN who reacted to the new price modulation announced by the Petroleum Pricing Regulatory Agency, PPPRA, says the agency has advised them to either sell at the new pump […]

News

IPMAN to stop movement of adulterated products by tanker drivers

Ihesiulo Grace 4 May 2020 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it has set up a monitoring team to curb movement of adulterated products by tanker drivers across the country. Mr Chinedu Okoronkwo, President, IPMAN said in Lagos on Monday that the move was part of its efforts to restore sanity to Nigeria’s petroleum sector. He said […]

News

IPMAN, others back removal of fuel subsidy

Ihesiulo Grace 7 April 2020 0

Lagos – Some stakeholders in the petroleum sector on Tuesday said removing subsidy on fuel would benefit the nation’s economy in the long run. The stakeholders said in separate interviews in Lagos that the crash in the price of crude oil in the international market had provided the government the opportunity to stop subsidising the […]

Featured Headlines

Why we can’t sell petrol below N125 per litre- IPMAN

Ihesiulo Grace 4 April 2020 0

The Ibadan branch of Independent Petroleum Marketers Association of Nigeria (IPMAN) says its members will not sell the petroleum motor spirit (PMS) below N125 per litre. This is contained in a circular signed by its Secretary, Alhaji Ismail Abdul-Majeed, and made available to newsmen on Friday in Ibadan, the Oyo State capital. DailyTimes recalls that […]

News

IPMAN backs fuel price reduction, urges FG to deregulate market

Ihesiulo Grace 27 March 2020 0

Lagos – The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Thursday supported the reduction of the pump price of Premium Motor Spirit from N145 to N125 per litre by the Federal Government. IPMAN’s President, Mr Chinedu Okoronkwo, disclosed this in an interview in Lagos on Thursday. Okoronkwo urged the government to deregulate the petroleum […]

News

COVID-19: IPMAN assures of supply, distribution of petroleum products

Ihesiulo Grace 26 March 2020 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Kano state chapter has assured the people of sustained supply and distribution of petroleum products, as the country battles the coronavirus pandemic. Chairman of IPMAN in Kano, Alhaji Bashir Danmallam, gave the assurance shortly after the chapter’s emergency meeting in Kano on Thursday. Danmalam said the

News

IPMAN urges FG to deregulate petroleum market

Ihesiulo Grace 19 March 2020 0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday supported the reduction of the pump price of Premium Motor Spirit from N145 to N125 per litre by the federal government. IPMAN’s President, Mr. Chinedu Okoronkwo, disclosed this in an interview in Lagos on Thursday. Okoronkwo urged the federal government to deregulate the petroleum sector, […]