• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Wednesday, July 16, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

Fuel Scarcity: There’s Enough Supply In Private Depots, Says Rivers IPMAN

Ojimaojo Abubakar by Ojimaojo Abubakar
April 30, 2024
in Business
0
Fuel Scarcity: There’s Enough Supply In Private Depots, Says Rivers IPMAN
0
SHARES
7
VIEWS
FacebookTwitterWhatsappEmailTelegram
RIVERS —The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Rivers State says Port Harcourt and other surrounding areas are unlikely to face the fuel scarcity hitting some parts of the country.

Queues have resurfaced in major cities like Lagos and Abuja, snaking into the roads and leaving millions of commuters stranded.

But IPMAN in Rivers State told Channels Television in an exclusive interview that there is enough fuel stock, dousing fears of queues returning to filling stations in the area.

RelatedPosts

FG Reiterates Commitment to Unlocking Nigeria’s MSME Ecosystem

PIA Attracted $16bn, N50.8tr Crude Revenue — Reps

SEC warns Nigerians against Forsman & Bodenfors for fraudulent activities

The IPMAN Rivers State Public Relations Officer Agbakwuo Uzochukwu said that the scarcity and price increases observed in some parts of the country stem from the closure of government-regulated depots limiting access for independent petroleum marketers. This closure, according to him forces, marketers to rely on private depots where prices are subject to fluctuations.

“So it may not rise to what other states are selling for now. But if all the states now are dependent on River State, automatically once the product goes down, it may start affecting us in River State,” he said on Monday evening. “So for now, there’s enough product in Rivers State.”

Uzochukwu warned that Rivers State could face similar challenges if government-regulated depots remain inaccessible and other states turn to private depots in the state for fuel supplies.

When Channels Television’s crew visited some filling stations in Port Harcourt on Monday, there was no scarcity of the product. However, it observed a slight price increase in the pump price of fuel. The new price of the commodity now ranges between N690-N700 per litre, compared to N650-N690 sold last week.

ALSO READ:  International Fraud Week; Let's Go Beyond the Pitfalls of P&ID , CIFCFIN President Charges

IPMAN says there may be a further hike in the price. It explained that the reliance on private depots will keep the price of PMS fluctuating.

Tags: Fuel scarcity
Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

FG Reiterates Commitment to Unlocking Nigeria’s MSME Ecosystem

FG Reiterates Commitment to Unlocking Nigeria’s MSME Ecosystem

by Nathaniel Irobi
July 16, 2025
0

The Ministry of Industry, Trade, and Investment has reiterated its commitment to unlocking the full potential of Nigeria’s Micro, Small,...

PIA Attracted $16bn, N50.8tr Crude Revenue — Reps

PIA Attracted $16bn, N50.8tr Crude Revenue — Reps

by Ojimaojo Abubakar
July 15, 2025
0

The House of Representatives states that the enactment of the Petroleum Industry Act (PIA 2021) has yielded remarkable results, with...

SEC warns Nigerians against Forsman & Bodenfors for fraudulent activities

SEC warns Nigerians against Forsman & Bodenfors for fraudulent activities

by Ojimaojo Abubakar
July 14, 2025
0

By Abubakar Yunusa The Securities and Exchange Commission (SEC) has warned Nigerians about the activities of Forsman & Bodenfors Limited,...

Recommended

Kaduna State to hold education summit – Commissioner

Gov Uba Sani Announces 40% Tuition Reduction, Unveils Education Model to Address Out-of-School Crisis

7 days ago
Church of God Mission Dedicates auditorium at Ijayapi, FCT

Church of God Mission Dedicates auditorium at Ijayapi, FCT

3 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (743)
  • Education (217)
  • Entertainment (310)
  • Health (194)
  • National (2,195)
  • News (8,200)
  • Opinion (300)
  • Politics (1,627)
  • Science (15)
  • Security (406)
  • Sports (439)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform