Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Oil Prices Correction Extends as US-Iran Sign Interim Deal

    June 18, 2026

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    June 18, 2026

    Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates

    June 18, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Oil Prices Correction Extends as US-Iran Sign Interim Deal
    • South African Rand Dips on Weak Macro Indicators, US Fed Tone
    • Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates
    • NNPC, TotalEnergies Renew Decarbonisation Agreement
    • Jito Price Slumps 10% Ahead of JTX Platform Launch
    • XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone
    • Naira Falls to N1,360 as Interbank FX Turnover Dips by 57%
    • FirstHoldco, Access, Drown NGX Index, Investors Lose N758bn
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, June 18
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » IPMAN Hinges Erratic Petrol Availability on Allocation Issues From NNPC

    IPMAN Hinges Erratic Petrol Availability on Allocation Issues From NNPC

    Marketforces AfricaBy Marketforces AfricaApril 23, 2024 News No Comments2 Mins Read
    IPMAN Hinges Erratic Petrol Availability on Allocation Issues From NNPC
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    IPMAN Hinges Erratic Petrol Availability on Allocation Issues From NNPC

    The Independent Marketers Association of Nigeria (IPMAN) says petrol availability has been erratic because of the small allocation currently allotted to its members by the Nigerian National Petroleum Corporation (NNPC).

    IPMAN National Vice-President, Alhaji Hammed Fasola, disclosed this in an interview in Ibadan on Tuesday.

    Fasola says the allocation issue has led to haphazard operations by its members, who now buy from third parties (private depot owners) at prices they can no longer afford.

    According to him, NNPC has been the one bringing the product to the country and sharing it with major marketers until the involvement of the private depot owners.

    He added that there had been a shortfall in the supply of the product because NNPC would naturally supply its retail outlets first.

    “That is why you see a kind of on-and-off situation from the independent marketers’ filling stations.

    “We still get some trucks directly, but very inadequate to the number of marketers we have.

    “We are waiting for when the product will be available, especially through NNPC depots, the Port Harcourt refinery, and by the time Dangote comes up with its petrol, that is PMS.

    “We believe that all these problems will be solved,” he said.

    However, he said the association would continue to engage NNPC because it had been a long-term partner.

    “We are very positive that when things come to normal, they will be giving us our due allocation,” he said.

    On the issue of subsidy, Fasola said he believed there was no more fuel subsidy because the government had said so.

    Many filling stations are not selling due to the unavailability of the commodity.

    Others, who open for business intermittently, sell between N620 per litre to N700 with NNPC retail outlets selling at the official rate but with queues.  WPG Sacked Former MD of Eko Disco

    Investors Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Oil Prices Correction Extends as US-Iran Sign Interim Deal

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates

    NNPC, TotalEnergies Renew Decarbonisation Agreement

    Jito Price Slumps 10% Ahead of JTX Platform Launch

    XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone

    Add A Comment

    Comments are closed.

    Editors Picks

    Oil Prices Correction Extends as US-Iran Sign Interim Deal

    June 18, 2026

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    June 18, 2026

    Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates

    June 18, 2026

    NNPC, TotalEnergies Renew Decarbonisation Agreement

    June 18, 2026

    Jito Price Slumps 10% Ahead of JTX Platform Launch

    June 18, 2026
    Latest Posts

    Oil Prices Correction Extends as US-Iran Sign Interim Deal

    June 18, 2026

    South African Rand Dips on Weak Macro Indicators, US Fed Tone

    June 18, 2026

    Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates

    June 18, 2026

    NNPC, TotalEnergies Renew Decarbonisation Agreement

    June 18, 2026

    Jito Price Slumps 10% Ahead of JTX Platform Launch

    June 18, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.