{"id":92490,"date":"2023-07-19T20:47:16","date_gmt":"2023-07-19T19:47:16","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu"},"modified":"2023-07-19T22:58:08","modified_gmt":"2023-07-19T21:58:08","slug":"fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu","title":{"rendered":"Fuel purchase reduced by 50 per cent, reduce pump price \u2013 IPMAN begs Tinubu"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the purchase of fuel has reduced by 50 percent.<\/p>\n

IPMAN\u2019s Chairman in Enugu depot, Chinedu Anyaso, blamed the reduction on the hike of the pump price of fuel.<\/p>\n

Lamenting that the negative situation has affected marketers, Anyaso urged the President Bola Tinubu-led Federal government to reduce the pump price of fuel.<\/p>\n

NAN reports that he warned that most marketers might shut down, a situation that may lead to the collapse of the downstream sector.<\/p>\n

According to Anyaso: \u201cMarketers are facing an existential challenge due to low profits as a result of reduced sales affecting their abilities to meet their operational costs and obligations with banks.<\/p>\n

\u201cMarketers are worse affected by this policy of subsidy removal, profitability has reduced because average sales have reduced by about 50 per cent.<\/p>\n

\u201cWe appeal to the Federal Government to save downstream operations from collapsing by working on reduction in pump prices.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the purchase of fuel has reduced by 50 percent. IPMAN\u2019s Chairman in Enugu depot, Chinedu Anyaso, blamed the reduction on the hike of the pump price of fuel. Lamenting that the negative situation has affected marketers, Anyaso urged the President Bola Tinubu-led […]<\/p>\n","protected":false},"author":84,"featured_media":92489,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,772,1455,254,945],"class_list":["post-92490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-fuel","tag-ipman","tag-nigeria","tag-tinubu"],"yoast_head":"\nFuel purchase reduced by 50 per cent, reduce pump price \u2013 IPMAN begs Tinubu - Nigeria<\/title>\n<meta name=\"description\" content=\"The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the purchase of fuel has reduced by 50 perce ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel purchase reduced by 50 per cent, reduce pump price \u2013 IPMAN begs Tinubu\" \/>\n<meta property=\"og:description\" content=\"The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the purchase of fuel has reduced by 50 perce ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-19T19:47:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-19T21:58:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1689787538.809531.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fuel purchase reduced by 50 per cent, reduce pump price \u2013 IPMAN begs Tinubu\",\"datePublished\":\"2023-07-19T19:47:16+00:00\",\"dateModified\":\"2023-07-19T21:58:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu\"},\"wordCount\":180,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1689787538.809531.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"fuel\",\"IPMAN\",\"Nigeria\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu\",\"name\":\"Fuel purchase reduced by 50 per cent, reduce pump price \u2013 IPMAN begs Tinubu - 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