• Hike in petrol price inevitable – IPMAN

    Hike in petrol price inevitable – IPMAN

    The speculation about possible increase in price of Premium Motor Spirit, PMS, otherwise known as petrol, may hold some water as the Independent Petroleum Marketers Association of Nigeria, IPMAN, yesterday warned of a threat to product availability in the country.

    This came as expert blamed marketers of insensitivity to price moderation when government placed a cap on petrol price in May.

    But, other operators have argued that the price of petrol was driven by economic variables, which could not be altered for […]

  • Vandals Blowing Up Pipelines Are Wicked, Evil – IPMAN

    Vandals Blowing Up Pipelines Are Wicked, Evil – IPMAN

    President of Independent Petroleum Marketers Association of Nigeria (IPMAN), Chief Obasi Lawson yesterday described militants in the Niger Delta blowing up crude oil pipelines as wicked and evil.

    The IPMAN president who spoke at a press briefing in Abuja, warned the Niger Delta terrorists to come to the dialogue table or risk military action to curtail their activities in the creeks.

    “The continous destruction of pipelines by these militants, is an act of wickedness. It is evil. They are trying to shut […]

  • IPMAN assures Nigerians of getting kerosene cheaper

    IPMAN assures Nigerians of getting kerosene cheaper

    Mr Chinedu Okoronkwo, the National President, Independent Petroleum Marketers Association of Nigeria (IPMAN), has assured that kerosene will soon be accessible and cheaper in the country.

    Okoronkwo gave the assurance on Thursday in Abuja.

    He said that efforts were being made for massive importation of the product into the country, adding that the association had also put some measures in place to support government’s effort.

    He said that the association had not pegged any specific amount but with the measures on ground the […]

  • Lagos issues new directive to petroleum marketers over underground pollution

    Lagos issues new directive to petroleum marketers over underground pollution

    Concerned by the discovery of pollutants in the underground sources of water within the metropolis, the Lagos State government has mandated the Independent Petroleum Marketers Association (IPMAN) to always monitor wells in their facilities.

    The directive was issued to the body, after a meeting with the general manager of the State’s Environmental Protection Agency (LASEPA) Adebola Shabi, and senior officials of the agency at its premises.

    Shabi, an engineer, said that investigation on the quality of underground water from all the 20 […]

  • We are not aware of increase in price of kerosene – IPMAN

    We are not aware of increase in price of kerosene – IPMAN

    President of Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, has denied knowledge of any increase in pump price of Dual Purpose Kerosene (DPK) known as kerosene.

    Okoronkwo in a telephone interview yesterday said as at Friday, the Nigerian National Petroleum Corporation (NNPC) was selling the product at N135 per litre.

    “What we may be experiencing now is inadequate supply, prompted by low capacity utilisation of local refineries and importation challenges.

    But I can tell you that it is a matter […]

  • IPMAN urges FG to reopen investigation into alleged N10.9bn subsidy fraud

    IPMAN urges FG to reopen investigation into alleged N10.9bn subsidy fraud

     

    Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to immediately reopen investigation into the alleged N10.9 billion subsidy fraud involving IPMAN Investments Limited.

    The President of the association, Chief Chinedu Okoronkwo, made the call at the end of the group’s extraordinary General Meeting in Abuja on Tuesday.

    He said the association had dissolved its Board of Trustees and amended its constitution.

    Okoronkwo said the decision to call on the Federal Government to reopen the subsidy payment issues was […]

  • Expect gains of fuel price hike in one month – IPMAN assures Nigerians

    Expect gains of fuel price hike in one month – IPMAN assures Nigerians

    Independent Marketers Association of Nigeria (IPMAN), yesterday, disclosed that the country would start reaping the benefits of the new pump price of Premium Motor Spirit, PMS, also known as petrol, in less than one month, which might include a reduction in the price of the commodity.

    Addressing newsmen in Abuja, President of IPMAN, Mr. Obasi Lawson, also called on Nigerians to ignore those calling for strike action against the hike in the price, stating that the new pump price will liberalize […]