Nigeria’s Fuel Crisis: Updates on Petrol Scarcity, Price Increase, and Government-Citizen Reactions
In a bid to alleviate the suffering of Nigerians due to the recent fuel price hike, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a 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, in an interview with Channels Television. According to Maigandi, 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, IPMAN members who currently sell petrol between ₦1,150 and ₦1,200 per litre will reduce the price by ₦50, depending on the location. This price reduction is anticipated to provide relief for Nigerian consumers, who have faced fluctuating fuel prices.
IPMAN has also stated that its members are ready to lift petrol from Dangote Refinery. The National Assistant Secretary of IPMAN, Yakubu Suleiman, said the organization’s insistence on purchasing petrol directly from Dangote refinery, rather than through middlemen, was a major factor in the agreement.
In an interview with Arise TV, Suleiman revealed that the association is set to meet with Dangote refinery team again today to finalize pricing arrangements. He announced that a new petrol price will be announced to Nigerians by Wednesday.
Dangote Refinery’s collaboration with IPMAN has been hailed as a step in the right direction by Nigerians. IPMAN’s National President, Abubakar Maigandi, expressed gratitude for the refinery’s cooperation, stating that the partnership is aimed at serving Nigeria and Nigerians.
Nigerian human rights activist and #RevolutionNow movement convener, Omoyele Sowore, has criticized former Edo State governor and ex-president of the Nigerian Labour Congress (NLC), Adams Oshiomhole. Sowore accused Oshiomhole of being an “Agaracha” labour leader who has consistently prioritized alliances with government leaders over the interests of the Nigerian people.
Sowore made these remarks during a recent podcast with Glitch Africa Studios, in which he 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.
Sowore argued that Oshiomhole’s actions have consistently contradicted the principles of true activism, and that his support for fuel price increases reveals his true priorities.
