• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, May 5, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • 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

IMPI faults opposition, rates Tinubu’s policies successful, as Naira succeeds as Africa’s second-best-performing currency against dollar

ANALYSIS: HOW TINUBU’S REFORMS TRIGGER HIGH REVENUE EARNINGS IN NIGERIA’S REAL SECTOR

Reduced tariff on imports will cushion effects of the Middle East crisis on cost of living – TMSG

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.

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.

“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

Tinubu explains mission as he marks second year in office
Economy/Technology

IMPI faults opposition, rates Tinubu’s policies successful, as Naira succeeds as Africa’s second-best-performing currency against dollar

April 29, 2026
NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
Economy/Technology

ANALYSIS: HOW TINUBU’S REFORMS TRIGGER HIGH REVENUE EARNINGS IN NIGERIA’S REAL SECTOR

April 29, 2026
Calabar Port receives 72 vessels in 5 months
Economy/Technology

Reduced tariff on imports will cushion effects of the Middle East crisis on cost of living – TMSG

April 18, 2026
TMSG to ADC: You are a motley crew of power mongers, palace jesters
Economy/Technology

TMSG to ADC: You are a motley crew of power mongers, palace jesters

April 6, 2026
NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
Economy/Technology

NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity

April 3, 2026
Presidential aides hail IMPI’s boss, Akinsiju at 63, commend his role in advancing Nigeria’s reform.
Economy/Technology

Why Nigeria must use oil windfall to build a more resilient economy – IMPI

March 30, 2026
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

Recommended Stories

Increasing food production excites Uganda

Farmers seek better policies, climate condition in 2023

January 20, 2023
Nigeria regains top crude oil production spot in Africa

Nigeria regains top crude oil production spot in Africa

December 14, 2021
FIRS deploys tech platform for tax collection

Finance Act 2021 critical to budget funding –FIRS

February 19, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • IMPI faults opposition, rates Tinubu’s policies successful, as Naira succeeds as Africa’s second-best-performing currency against dollar
  • ANALYSIS: HOW TINUBU’S REFORMS TRIGGER HIGH REVENUE EARNINGS IN NIGERIA’S REAL SECTOR
  • Reduced tariff on imports will cushion effects of the Middle East crisis on cost of living – TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

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

© 2025 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