Tag
IPMAN
In its continued support of the government's deregulation process, stakeholders have demanded access to FOREX through the CBN official window.
A plan by FG to reduce the pump price of petrol by N5 per litre has been opposed by petroleum product marketers.
The Federal Government has announced plans to make the foreign exchange available to petroleum product marketers.
IPMAN has advised motorists and other users of petrol to desist from panic buying as there is enough of the product in the country.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned of a looming petroleum scarcity in the country,...
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 crude oil prices is likely to put upward pressure on the cost of importing petrol.
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 prices.
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 new price regime on petrol, seeking to hike the product to N117 per litre from N111.
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.