URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Edo Election: How Absence of Female Figure In APC Campaign  Attract Questions
    August 29, 2024
    ”You’ve Lost Touch With Realities, CUPP Tells President Tinubu
    September 12, 2024
    Edo Guber: Your Neutrality is Needed-Jonathan Appeal to INEC, Security-Personnel
    September 20, 2024
    Latest News
    Tell Nigerians Where You’ve Been In Your Five Days’ Disappearance-ADC To Tinubu
    July 13, 2025
    Oto-Awori LCDA Chairmanship Election: Kazeem Azeez Wins Returned Elected
    July 13, 2025
    Odi-olowo/Ojuwoye LCDA-Jakande Wins, Returns As New LG Chair
    July 13, 2025
    Natasha’s Return To Senate: Senator Dickson Backs Verdicts, Says Court Decision Appropriate
    July 13, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: IPMAN Rejects Price Hike, Threatens Shutdown, Says NNPCL Punishing Nigerians
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Uncategorized > IPMAN Rejects Price Hike, Threatens Shutdown, Says NNPCL Punishing Nigerians
Uncategorized

IPMAN Rejects Price Hike, Threatens Shutdown, Says NNPCL Punishing Nigerians

urbanexpresslive
Last updated: October 11, 2024 9:22 am
urbanexpresslive
Share
3 Min Read
SHARE

Taiwo Popoola

More trouble looms for Nigerians as the Independent Petroleum Marketers Association of Nigeria has rejected the ex-depot price of Premium Motor Spirit by the Nigerian National Petroleum Company Limited.

The marketers with over 70 percent of filling stations in Nigeria threatened that they will stop operation if NNPCL refuses to back down on its new petrol ex-depot price of N1,010 per liter.

The spokesperson of IPMAN, Chinedu Ukadike disclosed this to Journalists in an interview on Friday morning.

His comments come as NNPCL on Wednesday announced a fresh price hike across its retail outlets nationwide to between N998 and N1,030 in Abuja and Lagos State.

The state-owned company also announced between N1,040 to N1,010 as the per liter prices they will sell to marketers.

Reacting, Ukadike said the ex-depot petrol prices announced by NNPCL showed that the company is poised to inflict continued suffering on Nigerians.

He stressed that IPMAN members will not accept a petrol price higher than what NNPCL sells at its retail outlets.

According to him, the action of NNPCL cannot be termed as deregulation.

He noted that with the NNPCL petrol ex-depot price of N1010, oil marketers who own the majority of fillings nationwide will sell the product at N1,200 per liter.

“NNPCL is selling ex-depot in Port Harcourt at N1045 per liter, Calabar (N1040), Lagos (1010).

“We refuse the price by NNPCL. We cannot comply with the price. We will not lift NNPCL petrol, we are not interested.

“NNPCL will continue to suffer the masses. They are selling N998, why are they selling to us above the price they are selling to IPMAN members at N1010, by the time logistics cost is added, the petrol price will get to N1200,” he fumed.

This portends a looming fuel scarcity nationwide.

Urban Express News Online observed that in Abuja, the majority of filling stations were not dispensing fuel on Thursday.

Earlier, the Nigeria Labour Congress Called for an immediate Reversal of the latest fuel Price hike by NNPCL Fuel   

However, the Nigerian government on Wednesday Blamed Market Forces for the fuel Price Hike in the country  

You Might Also Like

NNPCL Remitted N10trn In Sept 2024-Kyari

Champions League: What PSG Players Rate Arsenal, Bayern Higher Than Liverpool

Champions League: Real Reason We defeated Man City2-0 Juventus Manager, Motta

Ecobank  to Host Design and Build Expo, Featuring Premier Exhibitors

How Bandits Attacked Katsina Community, Killed Inhabitants, Abduct Five

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article I’d Never Taken Alcohol Nor Smoke-Central Cee
Next Article Gaza Hospital Attack: UN Accuses Isreal of War Crimes
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

Issues around malnutrition in Nigeria
Column July 14, 2025
Tell Nigerians Where You’ve Been In Your Five Days’ Disappearance-ADC To Tinubu
Discover Politics July 13, 2025
Abiodun Describe Buhari’s Demise As Shocking, Devastating
Discover Urban & Rural Lifestyle July 13, 2025
Breaking: Tinubu Directs VP Shettima To Accompany Body Back In Nigeria As Buhari Is Declared Dead In UK
Uncategorized July 13, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account