• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, October 19, 2025
  • 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 blames private depot owners for hike in PMS price

IPMAN

The Matters Press by The Matters Press
March 29, 2022
Reading Time: 1 min read
0
IPMAN, NUPENG tango over illegal increase in petrol price

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday blamed private depot owners for the hike in the pump price of Premium Motor Spirit (PMS) in some parts of Nigeria.

RELATED POSTS

Standing With the Bello Family – Justice Must Never Be Cheapened

You led with distinction, CG of Customs, hails former boss, Mohammed at 80

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

IPMAN’s National President, Mr Chinedu Okoronkwo, said that some of the private depot owners have not reduced their ex-depot price for PMS, also known as petrol.

Some independent marketers are still selling PMS from between N180 to N200 per litre in their stations, especially in the interior areas of Lagos and Ogun States.

“Some of our members are still buying products at higher ex-depot prices, hence you see that some of them are selling more than the approved pump price of N165.

“IPMAN is appealing to the government and relevant authorities to engage these depot owners to revert to the old price regime so that there will be some kind of uniformity in the price of petrol,” he said.

Okoronkwo said the scarcity of PMS experienced across the country in the past few weeks was almost coming to an end.

He advised the Nigerian National Petroleum Company (NNPC) Ltd., to increase the volume of products being supplied to Port Harcourt, Calabar and other coastal areas to ensure a smooth distribution.

On the compensation of motorists affected by the imported off-spec petrol, he said IPMAN members were still compiling the list which would be subjected to scrutiny.

Okoronkwo said: “We are compiling the list and very soon marketers will present it to the relevant government agencies.

“We want to make sure that some unscrupulous persons don’t take advantage of the situation to exploit the government.

“We believe that those affected will be compensated at the end of the day and are advising them to be patient and law abiding.”

Tags: IPMANPetrol
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Standing With the Bello Family – Justice Must Never Be Cheapened
Energy

Standing With the Bello Family – Justice Must Never Be Cheapened

October 17, 2025
You led with distinction, CG of Customs, hails former boss,  Mohammed at 80
Economy/Technology

You led with distinction, CG of Customs, hails former boss, Mohammed at 80

October 10, 2025
Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
Next Post
France freezes €850m of Russian assets

Russia makes interest payment on bond issued in foreign currency

Intimidation, cyber-bullying by loan sharks

Commission freezes over 30 accounts of illegal loan firms

Recommended Stories

Sanwo-Olu declares traffic management priority in Lagos

PDP salutes Sanwo-Olu on victory

March 11, 2019
Minister directs NSITF to re-adjust staff salaries

Buhari reconstitutes Board of NSITF

February 10, 2023
Consumer commission, CBN, EFCC investigate violations in money lending

CBN confirms evacuation of banknotes, directs banks to open for weekend operations

March 24, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

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

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

    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

  • Standing With the Bello Family – Justice Must Never Be Cheapened
  • You led with distinction, CG of Customs, hails former boss, Mohammed at 80
  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

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