IPMAN Blames Private Depot Owners For Hike In PMS Price

Cat:

Related stories

Nigeria Can’t Become One-Party State, PDP Just Threatened, Says APC

Urges Unity in Osun APC By Kolawole Ojebisi The National...

29-year-old Nigerian-British Wins Election As UK’s Youngest Mayor

By Kolawole Ojebisi A British of Nigerian descent, Princess Opeyemi...

Mapped: World’s Largest Economies, Including U.S. States

Key Takeaways CaliforniaĀ passed Japan to become the fourth-largest economy...

Kwankwaso: Tinubu Not Pressuring Me to Join APC

By Abiola Olawale Senator Rabiu Musa Kwankwaso, the 2023 presidential...

Tinubu Touches Down in Rome Ahead of Pope Leo XIV’s inauguration

By Abiola Olawale President Bola Ahmed Tinubu has arrived in...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday blamed private depot owners for the hike in the pump price of Premium Motor Spirit (PMS) in some parts of Nigeria.

IPMAN’s National President, Mr Chinedu Okoronkwo, told the News Agency of Nigeria (NAN) that some of the private depot owners had not reduced their ex-depot price for PMS, also known as petrol.

NAN reports that some independent marketers are still selling PMS from between N180 to N200 per litre in their stations, especially in the interior areas of Lagos and Ogun States.

ā€œSome of our members are still buying products at higher ex-depot prices, hence you see that some of them are selling more than the approved pump price of N165.

ā€œIPMAN is appealing to the government and relevant authorities to engage these depot owners to revert to the old price regime so that there will be some kind of uniformity in the price of petrol,ā€ he said.

Okoronkwo said the scarcity of PMS experienced across the country in the past few weeks was almost coming to an end.

He advised the Nigerian National Petroleum Company (NNPC) Ltd., to increase the volume of products being supplied to Port Harcourt, Calabar and other coastal areas to ensure a smooth distribution.

On the compensation of motorists affected by the imported off-spec petrol, he said IPMAN members were still compiling the list which would be subjected to scrutiny.

Okoronkwo said: ā€œWe are compiling the list and very soon marketers will present it to the relevant government agencies.

ā€œWe want to make sure that some unscrupulous persons don’t take advantage of the situation to exploit the government.

ā€œWe believe that those affected will be compensated at the end of the day and are advising them to be patient and law abiding.ā€ (NAN)

Agency Report
Agency Report
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Latest News
Nigeria Can't Become One-Party State, PDP Just Threatened, Says APC29-year-old Nigerian-British Wins Election As UK's Youngest MayorMapped: World’s Largest Economies, Including U.S. StatesKwankwaso: Tinubu Not Pressuring Me to Join APCTinubu Touches Down in Rome Ahead of Pope Leo XIV's inaugurationRivers Crisis: Wike Makes U-Turn, Says Fubara is My Son, I Am Not Fighting HimPDP Crisis: Wike Blasts Udenwa, Sam Egwu, OthersDefection: Kwankwaso Vows: "I would rather quit than join APC"Intimate Affairs: Women who shared their men, by Funke EgbemodeAbaribe, Kalu Other South East Senators Slam JAMB Over 2025 UTME ErrorBreaking Down Global Military Spending by Country in 2024U.S. vs. China: Mapping Trade Dominance in AfricaNANS President Atiku Isah Drags Tinubu's Son, Seyi, DSS, NTA Bosses To Court Over Alleged Abduction, TortureHow 10 Inmates Escaped US Jail Through Toilet Hole -- Prison AuthoritiesObasanjo Warns At Dele Momodu's Birthday: Africa Won't Be Seen As A Serious Continent Until...
X whatsapp