Headlines

IPMAN Orders Marketers To Sell Petrol At N150 Per Litre

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell petrol for N150 per litre in Kano State, Brandnewsday reports.

Chairman of the Kano State chapter of IPMAN, Bashir Danmallam in a statement, on Wednesday made the directive for marketers to sell the Premium Motor Spirit (PMS) commonly referred to as petrol for that price.

In his statement, Danmallam disclosed that the directive follows the new price modulation announced by the Petroleum Products Marketing Company (PPMC).

Advertisement

“I have accordingly, instructed our members in Kano to comply, by selling the product at N150 per litre,” he said.

Meanwhile, the Chairman explained further that the directive was also in compliance with the government’s earlier statement that it would review upward or downward the price of the fuel on monthly basis, going by the price at the international market.

Functions of Independent Petroleum Marketers Association of Nigeria IPMAN

This body was established by a decree in 1978 by the then propitious Administration of OLUSEGUN OBASANJO, as Military Head of State. IPMAN applied for registration to Corporate Affairs Commission under the (perpetual succession) Act Cap 98 of Laws of Nigeria on February 3, 1983. The seal of registration was Registration Certificate No. 2686 and File No. 7844MIA.

Advertisement

Interestingly, there are three (3) tiers of Administration in IPMAN. The layers are in this hierarchal order. The National Executive Council (NEC), the Zonal Executive Council (ZEC), and the Depot Executive Council (DEC).

Furthermore, The Zones in IPMAN are established in consonance with Pipelines and Products Marketing Company Ltd, PPMC, (A subsidiary of NNPC) Area Offices Arrangements in the downstream sector.

Also, the National Structure is the apex body that coordinates activities both at the Zonal and Depot levels. The Central Working Committee is made up of members of National Executive Council, All Zonal Chairmen and Secretaries, Depot Chairmen and Secretaries.

Advertisement
Facebook Comments
Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

Recent Posts

Apple Unveils iPhone 17 Air, Slick, Slimmer Than Previous Models (PHOTOS)

Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…

2 weeks ago

Six-Year-Old Ella Shoots, Kills American Police Officer In Mother’s Defense

A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…

2 weeks ago

LIRS Urges Taxpayers To Meet March 31 Deadline For Annual Tax Return Submission

The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…

2 weeks ago

Stanbic IBTC Bank Partners Autochek To Boosts Car Ownership, Disburses N4Bn

Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…

3 weeks ago

Stanbic IBTC PMI®: Output Growth Accelerates To Fastest In Just Over One Year

The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…

3 weeks ago

Stanbic IBTC Bank Reintroduces Its Private Banking Offerings To Empower Nigerians Build Lasting Wealth

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a leading financial service solutions…

3 weeks ago

This website uses cookies.