Wednesday, July 23, 2025
  • REPORT A STORY
  • PRIVACY
  • CONTACT US
WITHIN NIGERIA - NEWS PICKS
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS
No Result
View All Result
WITHIN NIGERIA - NEWS PICKS
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
  • ENTERTAINMENT
  • MORE

Sell petrol to us at Dangote rate of below N900 or refund our money, IPMAN tells NNPC

Afolabi Hakim by Afolabi Hakim
October 11, 2024
in National
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter
  • Shettima lamented that the refusal of the state-owned petrol company to refund the petroleum marketers has put them in an awkward position financially,

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has voiced its frustration with the National Petroleum Company Limited (NNPC) handling of the sale and distribution of Premium Motor Spirit (PMS), commonly known as petrol.

The National President of the association, Abubakar Shettima, implored NNPC to sell petrol to its members at the same rates offered by Dangote Petroleum Refinery.

Shettima spoke on Thursday during an interview on Channels Television

He also demanded a refund of the funds owed to the oil marketers, which have been held by NNPC for the past three months.

READ ALSO

Coalition: Why I can’t leave PDP for ADC – Sule Lamido

Three House of Reps members dump PDP for APC

2027: Tinubu turning into dictator, using state institutions to crush opposition – Sule Lamido

We’ll withdraw from 2027 polls if Nnamdi Kanu remains in custody — Igbo youth forum

Shettima lamented that the refusal of the state-owned petrol company to refund the petroleum marketers has put them in an awkward position financially, urging the NNPC to do the needful immediately.

“Our major challenge now is that already, we have an outstanding debt by the NNPC and the company collected product through Dangote refinery at a lower rate — not up to N900.

“Presently, our money has been with them (NNPC) for almost three months.

“But with the recent changes, we have requested that they sell to us at Dangote price or return our money. That’s the current situation and is the reason for the scarcity. We started negotiation yesterday,” he said.

According to him, the national oil company has directed the IPMAN members “to buy the product from them at the rate of N1,010 in Lagos, N1,045 in Calabar, N1,050 in Port Harcourt, and N1,040 in Warri”.

Expressing displeasure at the NNPC’s stance that marketers should buy petrol directly from the Dangote refinery, Shettima said: “We have a problem with that because already, we buy products from them.

“So when they made this increment, they told us to add money and buy above what Dangote is selling products to them.

“That is the reason we told them to return our monies to our banks so that we can go directly to Dangote refinery and buy, if that’s the case.”

“The NNPC does not sell on credit and we buy products ahead of loading. Anytime they have products, they will call us to collect our products.”

POPULAR TODAY

    • All
    • National
    • Local News
    • Politics
    • World News
    • Sports
    • XTRA

    2027: Why Obi, El-Rufai are yet to join our party — ADC

    July 21, 2025

    We’ll withdraw from 2027 polls if Nnamdi Kanu remains in custody — Igbo youth forum

    July 23, 2025

    2027: Peter Obi free to contest without me | he’s aware of my meeting with Abure – Datti Baba-Ahmed

    July 23, 2025

    Osun APC: PDP now home to political dregs, Adeleke rejected over credibility issues

    July 23, 2025

    Discussion about this post

    ADVERTISEMENT
    NEWS PICKS — WITHIN NIGERIA

    WITHIN NIGERIA MEDIA LTD.

    NEWS, MULTI MEDIA

    WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

    Follow us on social media:

    CORPORATE LINKS

    • About
    • Contacts
    • Report a story
    • Advertisement
    • Content Policy
    • Privacy Policy
    • Terms
     
    • Fact-Checking Policy
    • Ethics Policy
    • Corrections Policy
    • REPORT A STORY
    • PRIVACY
    • CONTACT US

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • HOME
    • FEATURES
    • NEWS PICKS
      • BREAKING
      • National
      • Local News
      • Politics
      • Diaspora
      • Business
      • Education
      • Sports
      • World News
        • Africa
        • U.S
        • Asia
        • Europe
      • XTRA
    • ENTERTAINMENT
    • MORE
      • GIST
      • ARTICLES
      • VIDEOS

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName