Monday, December 30, 2024

IPMAN Begins Selling Petrol At N172 Per Litre

This was part Federal Government’s directive at tackling the nation’s petrol shortage with independent marketers now expected to deliver the product at the government-regulated price to motorists and other users.

The Ijegun Egba tank farm directly contributes to 33 to 35% of the national consumption volume making it critical to the distribution channel of petrol.

Speaking to journalists in Lagos on Thursday, the Chairman, Ijegun Egba Tank Farm Operators, Debo Olujimi said they have now received fuel that will be sold at the government approved price.

“As of date, NNPC for the month of February has given Ijegun over 150 million litres. So you can see the vessels are discharging at the jetty and we are telling Nigerians and we are confirming it to everybody that this product is coming out from there and at the government-regulated price,” Olujimi said.

On those who refuse to sell at the government-regulated price going forward, IPMAN’s National Operations Controller, Mike Osatuyi, said, “Right now we have seen the light at the end of the tunnel that things are getting better now; we have sufficient fuel in the system. We go out, we monitor and when we find out that either you are under dispensing or selling out of range we shut you down.”

The new development is expected to end the beleaguering long queues in filling stations across the country.

Hot this week

Chad’s Historic Vote: Over 8M Cast Ballots Amid Boycotts

Chadians headed to the polls on Sunday in a...

Nigeria Dismisses Claims of Hidden Agenda in €300m France Deals

Nigeria has dismissed claims of hidden motives behind its...

Economic Woes Damp Christmas Spirit for Many Nigerians – Labour Party Chair

Labour Party Chairman Julius Abure has lamented that many...

Azerbaijan Airlines Plane Crash in Kazakhstan Kills 38, Sparks Probe

A tragic plane crash near Aktau, Kazakhstan, has claimed...

Foundation Urges Govt. To Partner NGOs On Women Empowerment

The Executive director of The Indispensible Woman Outreach Foundation,...

Foundation Urges Govt. To Partner NGOs On Women Empowerment

The Executive director of The Indispensible Woman Outreach Foundation,...

Chad’s Historic Vote: Over 8M Cast Ballots Amid Boycotts

Chadians headed to the polls on Sunday in a...

Nigeria Secures $1.5bn World Bank Loan After Bold Economic Reforms

Nigeria has secured a $1.5 billion loan from the...

Nigerian Army Seizes 90,000 Litres of Stolen Oil in Crackdown on Saboteurs

The Nigerian Army has recovered 90,000 litres of stolen...

Malawi Hosts Over 2,000 Refugees Amid Mozambique’s Violent Unrest

Mozambique's election crisis has forced over 2,000 families to...

Tragedy at Muan: 177 Dead in South Korea Plane Crash, Investigators Eye Bird Strike, Weather

A devastating plane crash at Muan International Airport in...

Related Articles

Popular Categories