The Dangote Petroleum Refinery’s decision to reduce the ex-depot price of Premium Motor Spirit (PMS) from ₦950 to ₦890 per litre has come at a significant cost to petroleum marketers. Some marketers believe the price cut was a strategic response to warnings from traders who were considering importing cheaper foreign PMS due to its lower … Read more
In a disturbing turn of events, some residents of Sabo Market, Orile Igbon, on the Ogbomoso-Ilorin expressway in Oyo State, reportedly attacked firefighters who were attempting to prevent them from siphoning fuel from a petrol tanker that had overturned on Wednesday night. Henzodaily gathered that the tanker, which was transporting 33,000 litres of Premium Motor … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that petrol will be sold at ₦935 per litre starting today, following a new pricing arrangement with the Dangote Petroleum Refinery. According to IPMAN’s National President, Maigandi Garima, the reduction in Dangote refinery’s ex-depot price and a uniform pricing mechanism will enable marketers to sell … Read more