NewStats: 3,262,715 , 8,177,932 topics. Date: Tuesday, 03 June 2025 at 10:58 AM 22p2h

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that, when fully operational, Dangote refinery could crash the pump price of fuel to between N515 and N550 depending on the location. IPMAN Public Relations Officer, Chinedu Ukadike, in an interview with New Telegraph yesterday, said the marketers were expecting that the refinery would sell petrol between N480 and N500, adding that once that happens, oil marketers would sell at a pump price of between N515 and N550 depending on the location.

He also said the refinery would break fuel importation monopoly by the Nigerian National Petroleum Company of Nigeria. Ukadike said: “We are happy. We congratulate Dangote. What he has done in diesel, is good enough because since he came in, diesel has remained within the benchmark of N1,000 and N1,100. “So that has helped marketers and transporters to be able to move their petroleum products and reduce unnecessary expenses and costs.

“Diesel was almost N1,600 until Dangote announced its price to N1,200 and later N900 per litre, it will give marketers a sense of belonging and enhance competition in of the distribution in the down stream chain. “Definitely there will be a reduction in petrol price. We are anticipating and optimistic that Dangote will give us petrol at the price regime of around N480 and N500 and once that is done, we are good to go. Once that is done, we could sell between N515 and N550 depending on the location.”

He added: “Independent marketers are delighted because this is the end of monopoly in the distribution of PMS in Nigeria. The monopoly of the Nigerian National Petroleum Company Limited, (NNPC Ltd) as a sole importer will once be challenged and the after deregulation or removal of subsidy will be practiced in Nigeria because once there is monopoly through regulation.

https://newtelegraphng.com/ipman-dangote-could-crash-fuel-price-to-n515/?utm_source=rss&utm_medium=rss&utm_campaign=ipman-dangote-could-crash-fuel-price-to-n515

Let him crash it first.

The news of crashing don dey turn to suspense

What’s the business of IPMAN with suggesting or determining the cost of petroleum products for Dangote?

With the yeye idea, if fir example, Dangote wanted to sell at 300, these greedy IPMAN people, would make it higher, so that they can benefit more. That’s the challenge with diesel price today.

Nothing seems to work in this country

helinues:
Let him crash it first.

The news of crashing don dey turn to suspense

He certainly won't do so. That is just the simple truth. July is just a few days from now. We will all witness it first hand.

515 naira is a price reduction not a crash

Islie:


https://newtelegraphng.com/ipman-dangote-could-crash-fuel-price-to-n515/?utm_source=rss&utm_medium=rss&utm_campaign=ipman-dangote-could-crash-fuel-price-to-n515

Nlfpmod

Except Dangote will sell at his own filling station at that price,have you considered smugglers

WHEN?

.

Stop talking so much

Enough of cho cho cho.... Do am make we see...

they have been speculating and giving us this same story ever since

Could, would, shall, will..
We are tired of empty promises.

Is 515 naira crash? He should make it 300-350. 515 is still very high.

This song by edris is a reality on ground in this failed nation Nigeria.
God bless edris, he has said it all in one song.

dangote would, dangote will, every day same story same thing. Dangote said he'll sell above a 1000k per liter who do we believe? What about PH refinery?

Before the gloating over how Dangote could crash the price of every petroleum product, the government should address the issue of Dangote importing crude oil from the UnIted States. It's a embarrassing that Nigeria is a major crude oil producing country but its major refinery imports from a faraway country.

helinues:
Let him crash it first.

The news of crashing don dey turn to suspense

The word could , has said it all. It means it's fake news as usual. Had they said will , then, maybe we could have given them benefit of the doubt. This regime can show you colour blue and still defend it that it's white. They lie a lot, from top-down

Statement of probability.
Let's see it first.

Rubbish, 100# difference is not crash. Not appreciated at all

Make una dey decive una self there......werey people

Haha! Reverse psychology! PMS that is going to 1k

We hear this everyweek

Last week it was 300
This week 500

Even if the cost of petrol is crashed to N100, will that have major impact on the cost of living? will reduced cost of petrol wake up dead farmers who have been killed and their lands handed over to Boko Haram, ISWAP and Fulani Herdsmen?

Nobody is doing anything to return famers to their farmlands, rather they are launching Bill Gate sponsored GMO seeds and food in order to increase cancers and reduce Nigeria population. As anyone see the cancer statistic for the UK and USA? Why will a software engineer (Bill Gate) has so much interest in modifying what we eat and the same time promoting untested vaccines to our children and women in collaboration with the politicians and religious leaders?

Nigerians have no idea, the plans of the globalist and politicians. It's just a matter of time. Third world war is ongoing, Nigerians are just not aware.

Make e do am fess. No be by Noise

..
The same way he crashed the price of cement

Watinhapen:
Is 515 naira crash? He should make it 300-350. 515 is still very high.

The thing fear me look. 515 naira cost abeg!
If na so, make we just carry our existing cross.

Nnpc is selling T N550-N630
Dangote should give it at #430
Marketers sale at N450.
Had it been tinubu waited and got it set(price for local refinery production)
Then Remove subsidy.
Dollar might rise from N440 of Buhari to N770-N800 max
Things might not be this #hash

Till then.

These are the businessmen whose effects we're feeling right here in Nigeria

No be to dey shout " We sabi business" upandan


People go feel you or not?

Forward ever Nigeria!

RUBBISH


MY

EXPECTATION IS

#300 /#250

DANGOTE THIS

DANGOTE THAT

THE MAN WANT TO BECOME RICHEST MAN ON EARTH NOT

NIGERIA PROGRESS