HighlightOil & Gas

IPMAN backtracks, directs members to resume operations with immediate effect

215

The Independent Petroleum Marketers Association of Nigeria (IPMAN) in the Northern axis says it has rescinded its earlier decision not to sell petrol as directed by the Nigerian National Petroleum Company Ltd at N195 per liter, and has asked the fling stations of its members to reopen with immediate effect and continue selling.

In a letter addressed to all marketers titled, `Re-Suspension of service’’ dated February 7, 2023, the IPMAN’s Chairman, Alhaji Mohammed Kuluwa, directed members to continue to sell petroleum products to the public while the association will continue further consultations with the authorities.

It stated: “Having met with the concerned authority, all filling stations should open with immediate effect and continue selling. While the association continues with further consultation and accordingly keep you informed. Thank you for usual cooperation.’’

Persecondnews recalls that IPMAN had on Tuesday directed members to suspend all operations and also suspend the payment of ordering products from source until further notice.

The association said the decision followed “the critical situation as it affects our sourcing and selling of product at lost (sic) and the action of the authority to impose the selling of product at a lost price (sic) on our side”.

“You are all hereby directed to suspend selling at all filling stations and also suspend payment of ordering products from source until further notice,” the statement said.

IPMAN had said regulatory agencies enforced the pump price of petrol at N195 per litre at all filling stations across the country.

On Monday, IPMAN Western Zone branch had asked for more time from the Federal Government to enable them sell off their current petrol stocks before complying with the official price of N195..

Leave a comment

Related Articles

Just in: FCT court discharges, acquits ex-AGF Adoke in OPL 245 fraud charge

The FCT High Court in Jabi, Abuja, on Thursday dismissed the charges...

63-year-old woman, teenage girl, two others killed in U.S. stabbing spree

A man armed with a knife went on a stabbing spree in...

FG to collect only nine types of taxes, says FIRS chairman

The Federal Inland Revenue Service (FIRS) says in line with the presidential...

After 14 days in detention, First News editor, Segun Olatunji, breathes air of freedom

The Editor of FirstNews, a digital newspaper, Segun Olatunji, on Thursday regained...

N3trn budget padding: Sen. Ningi threatens legal action if suspension is not lifted in seven days

Abdul Ningi, the senator representing Bauchi Central, has given Senate President Godswill...

Reduction of petrol pump price: It’s bush telegraph, says NNPCL’s spokesman, Soneye

The Nigerian National Petroleum Company Limited (NNPCL) has denied reports making the...

Eniola Ajao apologizes over “AJAKAJU” movie premiere controversy

Actress Eniola Ajao has issued an apology to the public in the...

Ex-Presidential media aide, Akande criticises LP’s leadership, urges party’s alignment with national interest

Mr. Laolu Akande, a former presidential assistant, has expressed dissatisfaction with the...

Economic hardship: Ogun Govt. begins sale of rice at 50 percent price reduction to workers, public

Ogun Governor, Dapo Abiodun, has announced that his administration will start selling...

FG committed to steel industry revitalization to drive infrastructural development, says Industry Minister, Dr Uzoka-Anite

The Federal Government is committed to industry rehabilitation, with a focus on...

Easter: FG declares Friday, March 29, Monday, April 1 public holidays

The Federal Government has declared Friday, March 29, and Monday, April 1,...

Fake, unwholesome products: NAFDAC seals 10 bakeries, 8 table water factories in Rivers

The National Agency for Food and Drug Control (NAFDAC) has shut down...

Climate change, food security: AfDB approves $50 million for Yobe State

The African Development Bank Group (AfDB) has granted a $50 million loan...

Ex Guinea-Bissau President’s Son Jailed in U.S. for Drug Trafficking

Malam Bacai Sanha Jr, the son of a former president of Guinea-Bissau,...

Few weeks to party primary, leading Ondo APC governorship aspirant, Dr. Paul Akintelure, passes away

Dr. Paul Akintelure, a prominent candidate for governorship in Ondo State who...

IPOB, bandits using betting sites, crowdsourcing to finance terrorism – NFIU

The Indigenous People of Biafra (IPOB), bandits, and other terror organizations are...

EU launches €9m energy projects in Nigeria

The European Union (EU) has unveiled two new initiatives worth €9 million...

Don’t sell dollar above N1,269, CBN orders Bureau de Change

As part of measures to strengthen the naira against the dollar, the...

U.S. state bars under-15 children from having social media accounts

Florida State Governor Ron DeSantis has signed a bill prohibiting children younger...

Anguishes, deprivations as Lagos Govt. house demolition squad moves from Lekki to Ebutte Meta

Cries of anguish and deprivation followed the demolition of Ifesowapo, Ifedapo, Otto/Ilogbo,...