• Privacy Policy
  • Terms
  • About us
  • Contact Us
Friday, July 1, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

IPMAN, NUPENG tango over illegal increase in petrol price

Petrol

The Matters Press by The Matters Press
March 2, 2022
Reading Time: 2 mins read
0
IPMAN, NUPENG tango over illegal increase in petrol price

The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) are at loggerheads over the pump price of petrol.

RELATED POSTS

Nigeria ready to fill gas gap in Europe

Buhari wants boost in Nigeria-Portugal trade

Stock market gains N8.15bn in bullish trading

As fuel scarcity worsened in many parts of the country in the last fortnight, many fuel stations increased the pump price of petrol higher than the official N165 per litre.

In Bayelsa for instance, price of a litre of petrol went as high N300 per litre.

NUPENG issued a 24-hour ultimatum to IPMAN members on Sunday to revert to the official pump price of N165 per litre of petrol, but IPMAN says such directive is not within the former’s purview.

ALSO READ  Afreximbank, NNPC in $1.04bn oil exploration deal

Mr Douglas Iyike, Chairman, IPMAN Benin Depot stated on Monday in Lagos that NUPENG’s ultimatum was misplaced.

He emphasised that NUPENG as a union had no powers to take over the duties of regulatory agencies in the petroleum sector.

According to him, the increment is due to the hike in the ex-depot price of petrol which should be the area where NUPENG should direct its threat rather than directing same at marketers.

“We have read in newspapers the supposed 24-hour notice issued to marketers regarding the increment in the pump price of petrol.

“We want to place it on record that the increment is not due to any fault of oil marketers because we can only sell based on the price at which we buy petrol from the depots.

ALSO READ  A UK-AFRICA TRADE DEAL WOULD CREATE JOBS AND BOOST THE COMMONWEALTH – POST-BREXIT, IT IS NOW POSSIBLE

“There has been increment in the ex-depot price which has left marketers with no option than to increase the pump price of petrol above the official N165 per litre in recent weeks.

“We believe that addressing the issue of the ex-depot price should be the focus of NUPENG and not attempting to picket petrol stations which might lead to a breakdown of law and order,’’ he stated.

Iyike urged NUPENG to channel its energy to the activities of some of its members who engage in reckless driving, illegal charges and diversion of petroleum products, instead.

Tags: Petrol
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria targets Trans Saharan, Europe gas market
Business

Nigeria ready to fill gas gap in Europe

June 30, 2022
Global trade’ll grow to $30tn by 2030
Economy

Buhari wants boost in Nigeria-Portugal trade

June 30, 2022
Trading in Nigerian stock market dips further N83bn
Business

Stock market gains N8.15bn in bullish trading

June 30, 2022
Nigeria disburses N56bn to MSMEs
Economy

Bank pledges to support MSMEs

June 30, 2022
Group bemoans level of crude oil theft
Economy

Nigeria moves to tackle crude oil theft

June 30, 2022
EU approves 820m Euro for Nigeria’s digital economy
Economy

EU pledges support for Nigeria’s economic integration, diversification

June 30, 2022
Next Post
Nestle train 30,000 farmers to meet demand

Nestle Nigeria posts N351.8bn revenue

Buhari underscores the opportunities in a single African air transport

Commission orders halt in air fare hike

Leave a Reply Cancel reply

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

Recommended Stories

Erdogan signs MoUs with Buhari, accuses Nigeria of harbouring terrorists

Erdogan signs MoUs with Buhari, accuses Nigeria of harbouring terrorists

October 21, 2021
AfCFTA’s potential for enterprises dominates discussion

PAPSS: AfCTA’s payment settlement, a game changer

January 21, 2022
Trading in Nigerian stock market dips further N83bn

Nigerian stock market extends losing streak by N113bn

December 3, 2021

Popular Stories

  • 79 candidates for presidential election

    INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • Highest score in Common entrance, NECO unveils placement policy

    0 shares
    Share 0 Tweet 0
  • IMF’s reasons for Nigeria’s economic recovery

    0 shares
    Share 0 Tweet 0
  • Missing fighter jet found dead

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria ready to fill gas gap in Europe
  • Buhari wants boost in Nigeria-Portugal trade
  • Stock market gains N8.15bn in bullish trading

Categories

  • Agriculture
  • Business
  • Economy
  • Entertainment, Religion
  • Features
  • Foreign
  • Health
  • Multimedia
  • Natural Resources
  • News
  • Opinion
  • Photo
  • Politics
  • Security
  • Special News
  • Sports
  • Technology
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?