Sunday, November 16, 2025

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

Africa Future Leadership Conference & Awards 10.0

Lagos, Nigeria — October 25, 2025. At Pistis Hub,...

Rev. Chukwudi Eke Urges Unity, Patriotism and Support for National Renewal

As Nigeria marks 65 years of nationhood, the Convener...

Africa Future Leadership Conference & Awards 2025 Marks 10th Anniversary in Lagos

LAGOS, Nigeria — Oct. 25, 2025 — Africa’s biggest...

Environmental Sustainability: Adopting The Nestlé Approach

By Jim Rex-Lawson Moses As concerns regarding environmental sustainability...

African Future Leadership Magazine Appoints Mrs. Joy Ehiagwina Patrick to Governing Board

The management of African Future Leadership Magazine Limited under...

Related Articles

Popular Categories