DSS Orders NNPC, Marketers To End Fuel Scarcity The Department of State Services (DSS) on Thursday gave a 48-hour ultimatum to the Nigerian National Petroleum Corporation Limited, Independent Petroleum Marketers Association of Nigeria (IPMAN) and other stakeholders in the oil sector to resolve the current...

Kerosene Now Over N800 Per Litre   The price of kerosene used by several families have jumped to N800 per litre just as the market is beginning to adjust to the newly increased petrol and gas prices. Market survey by our team on Tuesday showed that one...

Fuel Queues Disappear As Marketers Dispense Above N165 The queues by motorists for Premium Motor Spirit, popularly called petrol, which had persisted since February in Abuja and environs, gradually disappeared on Thursday as more filling stations joined in dispensing the product. It was, however, observed that...

IPMAN Threatens Legal Action Against NMDPRA Over 74bn Accusation The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to drag the management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to court over its purported claims on the payment of N74 billion transport...

Despite The Rise In Crude, Nigeria’s Oil Revenue Dropped To N945bn   Despite the steady rise in crude oil price, the country’s earnings from the commodity dropped for the fourth month. This was contained in a Central Bank of Nigeria’s (CBN’s) latest monthly economic report for...

N500bn Unpaid Claims: Fuel Crisis will Get Worse - Marketers The Independent Petroleum Marketers Association of Nigeria has advised Nigerians to prepare for the worst fuel crisis. The association asked the Federal Government to get the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay their...