Security forces to meet with oil marketers on petrol hike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) expressed doubts about the much-heralded Dangote Refinery, questioning whether the hype was warranted given that its fuel would be more expensive than imported goods. The Department of State Services (DSS) and Nigerian petroleum marketers will meet to discuss the cost and accessibility of Premium Motor Spirit (petrol). The planned day of the meeting is Wednesday. In an interview with Daily Post on Monday, the president of the Independent Petroleum Marketers Association of Nigeria (IPMAN) revealed this information, stating that the topic of the meeting is the pricing of gasoline at the pump and its accessibility to oil marketers.

“I have a meeting with the Department of State Services on Wednesday.” It concerns the price of gas at the pump. The matter of gasoline and its accessibility to members is central to all IPMAN activities, the speaker stated. In September, the Independent Petroleum Marketers Association of Nigeria (IPMAN) expressed doubts about the much-heralded Dangote Refinery, questioning whether the hype was warranted given that its fuel would be more expensive than imported goods. John Kekeocha, the National Welfare Officer of IPMAN, stated on Channels TV on Monday that the Nigerian National Petroleum Company Limited (NNPCL) had no business charging more for gasoline that was taken from the Dangote Refinery than for gasoline that was imported.

“It doesn’t make sense if NNPC can offer Dangote items at a greater price than foreign goods. And why are we celebrating now that we have been for so long? He stated. The anticipated costs of Premium Motor Spirit (PMS), popularly known as gasoline (obtained from the Dangote Refinery), at its retail stations around the nation have been made public by NNPC Limited. Olufemi Soneye, the Chief Corporate Communications Officer of the state-owned corporation, revealed this in a news release. The company emphasized that, in accordance with the Petroleum Industry Act (PIA), PMS prices are negotiated directly between parties and are not established by the government.