Sell Petrol At old Rate Until PPPRA Gives Directive, IPMAN Tells members

Hamilton Nwosa
Writer

Ad

Fuel Price hike Looms as Dangote Refinery Halts Petrol Sales in Naira

By Abiola Olawale Dangote Petroleum Refinery has announced its decision to suspend sales of premium motor spirit (PMS), commonly known as petrol, in local currency starting from Sunday, September 28, 2025. The New Diplomat reports that the decision by the refinery owned by Africa’s richest person, Alhaji Aliko Dangote has sparked fears about a potential…

Iran recalls envoys to UK, France, Germany as UN sanctions begin again

By Obinna Uballa Iran has recalled its ambassadors to the United Kingdom, France, and Germany for consultations, after the three European powers triggered the “snapback” mechanism that reinstates United Nations sanctions on Tehran for the first time in ten years. “Following the irresponsible action of three European countries in abusing the JCPOA dispute resolution mechanism…

Dangote, PENGASSAN face-off worsen as union cut Gas supplies to Dangote Refinery

By Abiola Olawale The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued an urgent directive to its members to halt all gas and crude oil supplies to the Dangote Petroleum Refinery effective immediately. In a strongly worded letter dated September 26, signed by PENGASSAN General Secretary Comrade Lumumba Ighotemu Okugbawa, the…

Ad

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol at the old rate of N143 per litre, pending the new directive by the Petroleum Products Pricing Regulatory Agency (PPPRA).

The National Public Relations Officer of IPMAN, Alhaji Suleiman Yakubu, said this during an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja.

Yakubu, who was while reacting to the new ex-depot rate of N138.62 per litre from the previous N132.62 per litre, said that IPMAN would brief its members as soon as it received directive from PPPRA.sell petrol at old rate, ipman

Read also: Oil Price Crisis: Nigeria, Angola, Venezuela, 5 Others Worst Hit

NAN reports that NNPC and Petroleum Products Marketing Company (PPMC) had fixed the ex-depot price of premium motor spirit (PMS), known as petrol, at N138.62 per litre.

The PPMC Manager, Sales, Mohammed Bello, had disclosed the new price in a statement in Abuja on Tuesday.
Bello said that that the new price would come into effect from Aug. 5.

NAN reports that the ex-depot price is the price at which depot owners sell the commodity to retail outlets.

Read also: Queues: NNPC injects additional 688m litres of petrol into the market

Yakubu advised marketers to sell Petrol at the old rate, pending when PPPRA would announce its monthly pricing modulation for the product.

A survey conducted by NAN on Wednesday in Abuja indicated that major marketers at Wuse, Gwarimpa, Maitama and Wuye had not adjusted their pumps to reflect the new price.

NAN recalls that the PPPRA had, in the last four months, adjusted its ex-depot price thrice. (NAN)

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp