Business
IPMAN Lauds NNPC On Petrol Price Crash

The Independent Petroleum Association of Nigeria (IPMAN), yesterday commended the management of Nigeria National Petroleum Corporation (NNPC) for crashing the price of petrol.
IPMAN Chairman in the Western zone, Alhaji Ahmed Debo, made the commendation in Lagos in an interview with newsmen.
He said that the fall in the price of petrol would boost marketers’ revenue and also ensure availability of the product in all nooks and crannies of the country.
It would be recalled that on September 3, NNPC crashed the price of petrol from N145 per litre to between N142 and N143 per litre.
Debo said that some petrol stations in the zone which comprises Lagos, Ibadan, Ore, Ogun and Ondo have adjusted their pump price from N145 to N140 and N139 respectively.
“The crash in price is good for our business; we commended the good intention of the federal government.
“Petrol is currently sold at N133.28 ex- depot price at Ejigbo Satellite and Mosinimi depots respectively.
“The sustained strategic intervention by the government in the efficient supply and distribution of petroleum products, has led to significant reduction in the prices of premium motor spirit (PMS),” he said.
He said that most NNPC mega and affiliate stations within the zone are selling below N145 per litre.
The chairman also hailed NNPC management for ensuring stability and growth in the petroleum industry.
He said: “the entire members of independent marketers commended the leadership of NNPC under DrMaikantiBaru for the stability in the supply of petroleum products.
“IPMAN will continue to work with NNPC in all the 21 depots across the country in ensuring seamless product supply.
“IPMAN controlled over 85 per cent of Nigeria’s petroleum product retailing, which had made the association a dominant player in the Nigerian downstream market.
“We condemn the activities of pipeline vandals and crude oil thieves, which have been a challenge for optimum output from our refineries.
“We are seeking the cooperation of Nigerians to bring to halt the activities of the pipeline vandals and crude oil thieves.’’
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
News4 days ago
CJN To Swear In 57 New SANs, Sept 29
-
Sports4 days ago
Bournemouth, Newcastle Share Points
-
Editorial4 days ago
No To Political Office Holders’ Salary Hike
-
Sports4 days ago
Sosa Pledges To Support Dolphins Swimming League
-
Oil & Energy4 days ago
FG Inaugurates National Energy Master Plan Implementation Committee
-
News4 days ago
Tinubu, Atiku, Others To Attend Ladoja’s Coronation As Olubadan, Friday
-
Sports4 days ago
Iwobi Stars As Fulham Overcome Brentford
-
Maritime4 days ago
Ogbe Urges Nigerian Coys To Seek Deep Water Opportunities