Marketer releases latest information on fuel pump growth in Nigeria

No plans to increase fuel pump prices – IPMAN tells Anambra residents

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said there is no truth to rumors around Anambra that it is planning to increase fuel prices.

IPMAN Enugu Depot Chairman, Mr. Chinedu Anyaso, has said the Nigerian National Petroleum Corporation (NNPCL) has not alerted market players of its intention to increase fuel prices and urged people in the state to ignore speculation.

“Marketers had no plans to raise gasoline prices. There was no announcement from the total importer.

“There is no need to panic as sufficient products have been provided by NNPCL to marketers in various warehouses. Let Nigerians ignore speculation and avoid panic buying,” he said. .

Reacting to media reports about the expected commencement of refining products at the Dangote and Port Harcourt refineries, Anyaso said the Dangote refinery had started receiving crude oil from NNPCL but was yet to begin operations. This is the information obtained by IPMAN.

“We know if there is a refined product because we are the middlemen who buy and sell it to the end users. I strongly believe that.

“As for the Port Harcourt refinery, the mechanical part of the 60,000 barrel capacity refinery has been completed, but work is still underway on other parts.

“That doesn't mean it's been delivered. We still expect it to start, but it hasn't started yet at this point.”

He called on the federal government to consider issuing licenses to industry players. This would make the industry more competitive and force lower prices nationwide.


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