Tag: Petrol Marketers

Fuel Price Drops as Marketers React to Dangote Refinery’s New Ex-Depot Rate

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Fuel Price Drops as Marketers React to Dangote Refinery’s New Ex-Depot Rate

Fuel consumers in Nigeria are set to enjoy a slight relief as the Independent Petroleum Marketers Association of Nigeria (IPMAN) announced a downward adjustment in the pump price of Premium Motor Spirit (PMS), beginning Tuesday, July 15. This move follows a fresh reduction in the ex-depot price by Dangote Refinery, which lowered its rate from…

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Distribution Outlets Are Shutting Down, Petrol Marketers Warn

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Distribution Outlets Are Shutting Down, Petrol Marketers Warn

Petroleum products marketers have warned that retail outlets are shutting down operations due to increasing cost of running the business. Speaking during the National Executive Council meeting of the Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, in Abuja, the marketers faulted the process followed by President Bola Tinubu in the removal of subsidies…

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Finance and Economy