Latest Petrol Price Hike News, Update On Fuel Scarcity For November 14th, 2024

As Nigerians continue to groan over the recent increase in fuel prices by the Nigerian National Petroleum Company (NNPC) Limited, Naija News brings you the latest update on petrol scarcity, fuel price increase and Govt/citizens’ reactions.

IPMAN Announces Possible Reduction In Petrol Prices (See Proposed Price)

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a planned reduction of ₦50 per litre in the price of Premium Motor Spirit (Petrol) for consumers.

This development follows a new agreement between IPMAN and Dangote Refinery, as confirmed by IPMAN’s National President, Abubakar Maigandi, during an interview with Channels Television on Tuesday.

Maigandi, while speaking on Channels TV, disclosed that Dangote Refinery has set a price template of ₦940 per litre for depot purchases and ₦990 per litre for truck purchases for IPMAN members, a move expected to bring down petrol prices across the country.

Maigandi explained that with this arrangement, their members who currently sell petrol between ₦1,150 and ₦1,200 per litre will reduce the price by ₦50, depending on the location.

The price reduction is anticipated to provide relief for Nigerian consumers, who have faced fluctuating fuel prices.

We’re Ready To Lift Dangote Petrol, Will Disclose Price By Tomorow – IPMAN

The Independent Petroleum Marketers Association (IPMAN) has said members of the organization are ready to lift petrol from Dangote Refinery.

The National Assistant Secretary of the IPMAN, Yakubu Suleiman, said the controveries over the time was IPMAN’s insistence that they would want to purchase petrol directly from Dangote refinery and not through middle men.

Speaking with Arise TV on Tuesday morning (today), Suleiman stated that the asociation would continue its meeting with Dangote refinery team today to agree of pricing.

He disclosed that by Wednesday, a new petrol price would be annouced to Nigerians.

“Dangote called us and he sat with Mr. President (IPMAN president) and they had a very fruitful discussion, which at the end of the day make now build a good synergy between the Independent Petroleum Marketers Association of Nigeria and Dangote Refinery.

“We are Nigerians, we are as well happy with Dangote Refinery, we prayed for him, for his success, but it’s just the synergy. What we had been calling on was how the synergy can be built, and it’s all for the sake of patriotism. How can we serve Nigeria and Nigerians? And we are happy that with that meeting with Dangote now, we have already resolved all the nitty-gritty issues, and by the grace of God, very soon, maybe within the next coming days, Nigerians will really feel the impact.

“And the whole thing revolves around how do we have cheaper petroleum price? Like I said earlier in my former interview that it really bothers us that Nigerians are buying at a higher rate. But I want to assure you, like what Mr President has stated yesterday, their discussion with Dangote is still ongoing, I believe between today or tomorrow, we are going to finish on the issue of pricing. Then, by then, when we start lifting, Nigerians definitely will appreciate,” Suleiman said.

Oshiomhole Met With Babangida, Obasanjo To Increase Fuel Price – Sowore Alleges

Nigerian human rights activist and convener of the #RevolutionNow movement, Omoyele Sowore, has criticized former Edo State governor and ex-president of the Nigerian Labour Congress (NLC), Adams Oshiomhole, describing him as an “Agaracha” labour leader who, according to Sowore, was never a true activist.

Sowore made these remarks during a recent podcast with Glitch Africa Studios posted on YouTube.

Sowore, a former presidential candidate of the African Action Congress (AAC), claimed that Oshiomhole had previously collaborated with Nigeria’s former military head of state, Ibrahim Badamasi Babangida, to implement Nigeria’s first fuel price increase in 1992.

According to Sowore, this move revealed Oshiomhole’s lack of genuine activism.

Sowore argued that Oshiomhole’s actions had consistently contradicted the principles of true activism, despite his image as a labour leader.

He claimed that the former NLC president’s support for fuel price increases showed he prioritized alliances with government leaders over the interests of the Nigerian people.