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IPMAN

Oil marketers warn Dangote against bypassing distribution chain, cite risk of scarcity

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Dangote

The Nigeria Oil and Gas Suppliers Association (NOGASA) has urged Dangote Refinery to shelve plans to distribute petroleum products directly to filling stations without involving licensed marketers. The association warned that bypassing traditional distribution channels could trigger fuel scarcity, job losses, and instability across the downstream oil sector. Bennett Korie, NOGASA president, issued the warning […]

IPMAN: Confirms another fuel price hike amid widespread hardship

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IPMAN

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 international factors. In fact, there are strong indications that filling […]

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

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IPMAN

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 lingering queues […]

Queues for petrol resurface in Lagos as IPMAN members shut stations

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IPMAN

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 […]

IPMAN, others back FG on petrol subsidy removal by 2022

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IPMAN

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 […]

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

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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 […]

IPMAN threatens strike action over alleged extortion

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IPMAN

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 […]

IPMAN laments incessant attacks on personnel in Delta

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IPMAN

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 […]

Don’t scrap equalization fund, IPMAN tells FG

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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 […]

IPMAN rejects scrapping of Petroleum Equalisation Fund

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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 […]

Fuel: Stop panic buying, IPMAN advises

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fuel, fares

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 […]

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

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fuel

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 […]

DPR warns IPMAN against exploitation

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DPR

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 […]

DPR warns IPMAN members against selling petrol above official pump price

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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 […]

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

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ipman

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 […]

IPMAN to stop movement of adulterated products by tanker drivers

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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 […]

IPMAN, others back removal of fuel subsidy

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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 […]

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

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IPMAN

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 […]

IPMAN backs fuel price reduction, urges FG to deregulate market

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Simon Ugwu

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 […]

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

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IPMAN

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 association […]