Close Menu
    What's Hot

    Dangote Sugar Falls by 10% as Refinery Earnings Plunge

    March 5, 2026

    Jaiz Bank Lost 10% as Investors Dump Shares

    March 5, 2026

    CBN Hikes Rate on 364-Day Treasury Bill to 16.73%

    March 4, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Thursday, March 5
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - Substandard Petrol: IPMAN, NNPC, Stakeholders in Dialogue
    News

    Substandard Petrol: IPMAN, NNPC, Stakeholders in Dialogue

    Julius AlagbeBy Julius AlagbeFebruary 8, 2022Updated:February 10, 2026No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Substandard Petrol Ipman, Nnpc, Stakeholders In Dialogue
    Share
    Facebook Twitter Pinterest Email Copy Link

    Substandard Petrol: IPMAN, NNPC, Stakeholders in Dialogue

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is discussing with the Nigerian National Petroleum Corporation Ltd (NNPC) and stakeholders on imported substandard Premium Motor Spirit (PMS).

    Elder Chinedu Okoronkwo, National President, IPMAN, disclosed this on Tuesday in an interview with the News agency in Abuja in the wake of the scarcity of fuel for petrol engines.

    Nigerians suffer fuel scarcity again on Tuesday after pressures from scarcity that was witnessed across the nation on Monday following substandard petrol products imported.

    Okoronkwo was reacting to the high sulphur PMS imported by the NNPC, while petroleum marketers had been advised not to sell especially marketers that loaded from that particular cargo.

    He said that discussion was ongoing with IPMAN, the top NNPC echelon and other relevant stakeholders on how to adjust the operational circle. This, he said, would prevent the vessel in question from discharging another substandard fuel.

    The president noted that as soon as they were done with the discussion, the outcome would be made known to the public.

    “I want to assure the general public that there should not be any panic, there is enough fuel to service them and there is no cause for alarm because nothing will affect the public or the industry.

    “This is the first time we are experiencing this and it is not an intentional issue, Nigerians should have to bear with the industry at large,’’ he said. Read: Pump Price of Petrol to Rise

    On queues being experienced at some fueling stations in Abuja presently and other parts, he assured the public that there was sufficient fuel apart from the undiluted product which had been taken care of.

    “There is enough fuel already in existence before this undiluted product, which has been taken care of. No fueling station will like to put that in the tank nor will a car buyer do.

    “But there are products on the road which have been loaded, as soon as it arrives Abuja and other states, there will be fuel before the week runs off,’’ he assured. #Substandard Petrol: IPMAN, NNPC, Stakeholders in Dialogue

    IPMAN
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Julius Alagbe
    • Website

    Related Posts

    Analysis

    Dangote Sugar Falls by 10% as Refinery Earnings Plunge

    March 5, 2026
    Analysis

    Jaiz Bank Lost 10% as Investors Dump Shares

    March 5, 2026
    News

    CBN Hikes Rate on 364-Day Treasury Bill to 16.73%

    March 4, 2026
    News

    Stock Market Lost N102bn as Investors Dump Dangote, Jaiz Bank

    March 4, 2026
    Aviation

    Tinubu Suspends Cashless Payment at Federal Airports

    March 4, 2026
    News

    Nigeria’s Central Bank Boosts Gold Holdings to $3.5 Billion

    March 4, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Dangote Sugar Falls by 10% as Refinery Earnings Plunge

    March 5, 2026

    Jaiz Bank Lost 10% as Investors Dump Shares

    March 5, 2026

    CBN Hikes Rate on 364-Day Treasury Bill to 16.73%

    March 4, 2026

    Stock Market Lost N102bn as Investors Dump Dangote, Jaiz Bank

    March 4, 2026
    Latest Posts

    Dangote Sugar Falls by 10% as Refinery Earnings Plunge

    March 5, 2026

    Jaiz Bank Lost 10% as Investors Dump Shares

    March 5, 2026

    CBN Hikes Rate on 364-Day Treasury Bill to 16.73%

    March 4, 2026

    Stock Market Lost N102bn as Investors Dump Dangote, Jaiz Bank

    March 4, 2026

    Tinubu Suspends Cashless Payment at Federal Airports

    March 4, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Dangote Sugar Falls by 10% as Refinery Earnings Plunge

    March 5, 2026

    Jaiz Bank Lost 10% as Investors Dump Shares

    March 5, 2026

    CBN Hikes Rate on 364-Day Treasury Bill to 16.73%

    March 4, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

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