The Independent Petroleum Marketers Association of Nigeria has clarified reports that it opposes fuel prices reduction by Dangote Refinery and the NNPC.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied allegations that it opposed the recent reduction in Premium Motor Spirit (petrol) prices by Dangote Refinery and the Nigerian National Petroleum Corporation Limited (NNPCL). The controversy stemmed from a claim by former presidential aide, Reno Omokri, who alleged that IPMAN was protesting against the Federal […]

The ongoing price war between Dangote Petroleum Refinery and the Nigerian National Petroleum Corporation Limited (NNPCL) has forced oil marketers to scale down fuel purchases, as they struggle to mitigate heavy losses caused by the frequent downward price adjustments in the downstream sector. The price competition, which began in November 2024, intensified when Dangote Refinery […]

Petroleum product marketers have projected that the price war between the Dangote Refinery and the NNPC could lead further price reductions to N500 per litre.