The ex-depot price is the price at which depot owners sell petroleum products to retail marketers.
Considering the landing cost of petrol is largely influenced by the prices of crude oil in the international market, we think prospects of continued recovery in...
FG said that they might be reviewing the pump price of Premium Motor Spirit (PMS), popularly referred to as petrol by April 1.
IPMAN has advised residents to stop building houses and properties on pipelines Right of Way (RoW).
Reports state that fuel marketers under the aegis of MOMAN and IPMAN have called on the FG through the PPPRA to raise their margins on petrol...
Depot-owners, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPMAN), have voiced their displeasure at the...
Some marketers of PMS in Lagos and Ogun state have began hoarding their supplies because of reported increase in the landing cost of the product.
IPMAN recently disclosed that the price of Premium Motor Spirit (petrol) might soon increase if depot owners continue to sell between N136.50 and N137 per litre.
IPMAN had approved the new price in a bid to motivate Nigerians to vote in the coming elections.
The national president of IPMAN Chinedu Okworonkwo, has announced there will be a reduction in petroleum pump price from next week.