Against the latest round of fuel scarcity rocking many parts of the country, private oil marketers are calling for government intervention to enable them to access foreign exchange at a special rate for the importation of Premium Motor Spirit (petrol).
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The Independent Petroleum Marketers Association of Nigeria says long queues at petrol stations in Lagos and Ogun states will soon disappear as the Nigerian National Petroleum Corporation has flooded the Ejigbo depot with Premium Motor Spirit.
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— Motorists to pay N5 tax on one litre — Govt to maintain roads with funds — IPMAN, NUPENG oppose move A Fresh increase in the pump price of petrol is among the contents of a bill that has been approved by the Senate Committee on Works. It was presented yesterday for enactment by the upper chamber.
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The petrol scarcity rocking Ekiti State has reached a crisis state as black marketers have hijacked the process and now engage in open hawking of the product.
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Some stakeholders in the oil and gas industry have advised the Federal Government to revive the country’s rail system for petroleum products transportation to ameliorate the challenges of pipelines vandalism.
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The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) are heading for a collision over the introduction of Bulk Purchase Agreement (BPA) fee by the corporation. The marketers alleged that NNPC introduced BPA fee of N125,000.00 yearly for bulk buyers of petrol and also directed that each marketer should make five years upfront payment, […]
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The Cross River State branch of the Independent Petroleum Marketers Association of Nigeria has expressed worry over the extremely bad state of the Calabar-Itu road as well as the Calabar-Ikom-Ogoja highway. The situation of the roads has become nightmarish to motorists as commuters spend not less than five hours to travel from Calabar to Uyo, a distance of less than […]
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