NewStats: 3,263,817 , 8,181,493 topics. Date: Sunday, 08 June 2025 at 05:00 AM 4o1s64

The Independent Petroleum Marketers of Nigeria has said that the price war between the Nigerian National Petroleum Company Limited and Dangote Petroleum is affecting its .

The Chairman, IPMAN, Enugu Depot Community in charge of Anambra, Ebonyi and Enugu states, Mr Chinedu Anyaso, stated this during an interview with journalists in Awka, Anambra State, on Friday.

Anyaso said the price instability in the sector had resulted in the high level of uncertainty and a reduction in investors’ confidence.

The Motor Spirit, also known as petrol, sells for between N865 and N950 per litre in Awka.

He said though the competition had helped in price reduction, which was also good for of the public, the fluctuation in price of PMS arose from competition between the two giants and not due to variations in the international market.

According to him, marketers are on the receiving end of this price war between Dangote and NNPCL.

“Our are incurring losses because of the unstable environment.

“For instance, a marketer will buy products from any of them, and before leaving the depot, you hear that the price of petrol has dropped by about N10 or N20 per litre.

“The cause of the recent drop was that marketers had a discussion with one of the companies, and without any major changes in the market, the other company slashed prices by a wide margin, thereby throwing most of our into jeopardy.

“We can no longer project with certainty; paying of loans and salaries are becoming difficult because profitability is no longer guaranteed due to the regular variation in prices,” he said.

Anyaso said that to restore stability in the market, NNPCL had to go into full time production.

He called on the Federal Government to revisit the outstanding bridge claim owed marketers as most businesses had packed up while others were struggling to remain due to non-payment.

“For the masses to enjoy the full benefit of deregulation and fair pricing, the two giants have to operate from the same standpoint, NNPCL has to go into full scale production.

“That is the only way they can compete and also ensure stable market, combination of local product and importation cannot guarantee us that; we need to protect marketers and save jobs,” he added.

https://punchng.com/-incurring-losses-ipman-laments-dangote-nnpcl-fuel-price-war/

Dangote want to shut down NNPCL

Nlfpmod.....

iwaeda:
Dangote want to shut down NNPCL

After which he will now deal with Nigerians squarely by increasing fuel price as he wishes, something he did with sugar, cement etc.

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Good for you people

When una dey enjoy profit during fuel price hikes una tell us. ABEG GETAT

IPMAN is part of Nigeria's problem. So, let them continue to lament

let the war last forever

During price increase you guy smiled to the banks.

Next time don’t hoard petroleum products
Price will still go down by Gods grace.

That's the hallmark of business, when IPMAN have been gaining through subsidy, smuggling to neighbouring countries and arbitrary price increase whenever theirs slight scarcity, we hear nothing. Pls stop disturbing our peace.

The marketers should stop complaining.
When price moved from N200 to N1,300, they all enjoyed it. They did not complain of crazy profit margin.
Profit and Loss is part of business...
I appreciate the Government for not stopping importation, if you can't import for now because Dangote is cheaper, then buy from Dangote... when the price to import benefits you more, go and import.
If you felt otherwise, apply for license and build your own refinery. The marketers can go into partnership to get one..

How can you be competing with someone who is into full time production when you depend on importation and covert round tripping of our scarce fx resources? You either shape in or you ship out.

Nah this kind news dey sweet the masses. From 180 to 350 no complain. Then to over 1000 no complain. Nah devil go punish ipman all.

They

Yessoooo
Dangote further reduce the price to 815 during the week

Because you all are thieves

This IPMAN is the main problem of the downstream.

They are angry because they can no longer reap Nigerians off.

I'm sure they will start hoarding fuel to create artificial scarcity so they can inflate prices.

Very greedy people

yommen:


After which he will now deal with Nigerians squarely by increasing fuel price as he wishes, something he did with sugar, cement etc.

Make una go build una refinery. Leave our Dangote alone.

Life na turn by turn, make una manage this time too.

Loses never start

How are you incurring losses when the prices are getting lower?

God help dangote Amen. IPMAN and NNPC most fail

How is that any of our business? Someone reduces fuel price for the masses, you complain you are incurring losses. Leave the Buisness na.

They should go to hell, this here is a free market economy...

yommen:

After which he will now deal with Nigerians squarely by increasing fuel price as he wishes, something he did with sugar, cement etc.

Why is the government, which includes your own senator and your representative, not doing anything about this your allegation, IF true

Realdeals:
That's the hallmark of business, when IPMAN have been gaining through subsidy, smuggling to neighbouring countries and arbitrary price increase whenever theirs slight scarcity, we hear nothing. Pls stop disturbing our peace.

Unfortunately, they will disturb our peace by hoarding fuel.

Just watch it, they will stop loading fuel in the coming days to create fake scarcity.

Why can't they be loading cheap fuel from Dangote instead of importing?

IPMAN is our number one problem, just sad people can't see this.

yommen:


After which he will now deal with Nigerians squarely by increasing fuel price as he wishes, something he did with sugar, cement etc.

So dangote also owns BUA cement and elephant cement??

It is that some of you just lack proper reasoning??

Did he stop other companies from selling cement at a cheaper price??

Wicked set of people in this country, the citizens has incurred multiple losses which can never be compared to this evil complain.

I blame the weak constitution, that's why someone will just wakeup and do things silly.

Which kind kwantry be dis. Price dey come down, instead make Una dey happy say you go sell more and make more profit, he's here spinning okpata. Mad people everywhere
When you guys were smiling to the backs cuz of subsidy fraud, who Una complain to!

Great for now.