NNPC, Oil Marketers finally Agrees on New Fuel Price, Begins loading.


The Nigerian National Petroleum Company Limited (NNPC) has agreed to lower the ex-depot price of petrol to N955 per litre for the Independent Petroleum Marketers Association of Nigeria (IPMAN) 
The development was confirmed by Abubakar Maigandi, President of IPMAN, following negotiation. 

This decision will now pave the way for the resumption of fuel loading at depots across the country.
that IPMAN and NNPC limited were at loggerheads over the ex-depot pricing of the Dangote refinery petrol, which was set at N1,010 in Lagos. 

accused NNPC of increasing its prices to a rate higher than the rate purchased from the Dangote Refinery. The decision forced IPMAN members to demand a refund of the deposit already to NNPCL for the product. 

New ex-depot petrol price Maigandi, President of IPMAN, disclosed to TheCable that the national oil company has reduced the ex-depot price to N955 per litre. Regarding the resolution, 
Maigandi mentioned that the Department of State Services (DSS) intervened in the dispute, prompting NNPC to revise the price downwards. 

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