• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

Oil marketers assure of petrol availability during Yuletide despite reported fuel queues

Chike Olisah by Chike Olisah
December 15, 2021
in Business
FG to make forex available to oil marketers for import to drive down petrol price
Share on FacebookShare on TwitterShare on Linkedin

Petroleum product marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians of the availability of the products across the country during the yuletide.

The assurance by IPMAN follows reports of the reappearance of fuel queues in the Federal Capital Territory (FCT) and some parts of the country.

According to NAN, this was made known by the President of IPMAN, Mr Chinedu Okoronkwo, during an interview on Wednesday, December 15, 2021, in Lagos.

RelatedStories

PCNGi has invested over $200 million in Compressed Natural Gas, converted 100,000 vehicles – CEO, Michael Oluwagbemi

P-CNGi partners NNPC, GACN, NMDPRA to scale CNG supply nationwide 

June 18, 2025
NUPENG threatens nationwide strike over violent attack on workers in Kaduna

IPMAN suspends strike after Lagos Govt agrees to talks on N12,500 e-call up levy for Lekki-Epe trucks 

June 18, 2025

What the IPMAN President is saying

Okoronkwo, however, appealed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to hasten the payment of billions of Naira to marketers as bridging cost.

He said: “We want to assure Nigerians that we are ready to cooperate with the government to ensure that there is hitch-free supply of petroleum products across the country during this yuletide and beyond.

“IPMAN is calling on the NMDPRA to hasten the payment of bridging debts owed to marketers by the defunct Petroleum Equalisation Fund (PEF) to enable seamless operations in the industry.”

The IPMAN President noted that the bridging payment was necessary to encourage marketers to transport petrol from the depot to other depots that are experiencing supply shortfall due to distance.

He said the NMDPRA which took over from PEF had assured the marketers of the payments following a series of meetings over the issue.

In case you missed it

The Nigerian National Petroleum Company (NNPC) Limited had earlier assured it is committed to ensuring stock availability of petrol during the Yuletide season despite fuel queues mounting in the Federal Capital Territory.

The NNPC which revealed that its available stock has risen from 1.7 billion litres to over 2 billion litres within the last one month, urged Nigerians not to engage in panic buying ahead of the festive period.

Meanwhile, in a related development, the NMDPRA, had earlier in December, assured it will continue to honour and process claims for bridging of petrol to ensure product availability nationwide.

This, it hopes to achieve with the reimbursement of petrol marketers for trucking of products to filling stations to anywhere across the country in order to ensure price uniformity.

Tags: IPMANNMDPRA
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

PCNGi has invested over $200 million in Compressed Natural Gas, converted 100,000 vehicles – CEO, Michael Oluwagbemi
Energy

P-CNGi partners NNPC, GACN, NMDPRA to scale CNG supply nationwide 

June 18, 2025
NUPENG threatens nationwide strike over violent attack on workers in Kaduna
Sectors

IPMAN suspends strike after Lagos Govt agrees to talks on N12,500 e-call up levy for Lekki-Epe trucks 

June 18, 2025
NMDPRA bans 60,000-litre fuel tankers from depots to curb accidents  
Sectors

E-call up dispute: IPMAN warns N12,500 truck fee may trigger petrol price hike in Lagos 

June 17, 2025
NUPENG threatens nationwide strike over violent attack on workers in Kaduna
Sectors

E-call-up dispute: IPMAN transporters to boycott Lekki-Epe corridor over N12,500 levy 

June 15, 2025
Nigerians are spending more on energy costs than they did a year ago
Energy

IPMAN urges filling station owners in Nigeria to implement stronger fire safety measures 

March 24, 2025
EFCC to Petrol Marketers: We test petrol to check illegal oil bunkering across Nigeria 
Legal & Regulations

EFCC to Petrol Marketers: We test petrol to check illegal oil bunkering across Nigeria 

March 23, 2025
Next Post
women,

DEAL: Alitheia IDF announces final close of $100 million fund

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Nigeria’s broadband penetration crawls to 48.81% in May, few months to 70% target
  • NucleusIS rebrands as RIGO, unveils ambitious plan to digitize Africa’s healthcare economy 
  • Carbon unveils Carbon Nexus — A smarter way for Nigerian businesses to collect, track, and manage payments  

Follow us on social media:

Recent News

Broadband infrastructure

Nigeria’s broadband penetration crawls to 48.81% in May, few months to 70% target

July 14, 2025
NucleusIS rebrands as RIGO, unveils ambitious plan to digitize Africa’s healthcare economy 

NucleusIS rebrands as RIGO, unveils ambitious plan to digitize Africa’s healthcare economy 

July 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics