The Independent Petroleum Marketers Association of Nigeria (IPMAN) has signed a deal with Dangote Petroleum Refinery to lift products directly.
National President of IPMAN, Abubakar Garima, made this known at a press briefing at the end of a meeting of the National Working Committee of the association in Abuja.
The agreement will potentially ensure the availability of petroleum to Nigerians at a cheaper rate.
He explained that the Dangote Refinery had given approx for IPMAN to lift PMS, AGO and DPK directly for onward supply to IPMAN depots and retail outlets.
Garima explained that the new arrangement with the Dangote refinery would ensure a steady and ceaseless supply of PMS products all over Nigeria at an affordable rate.
“Following our recent meeting with Alhaji Aliko Dangote and members of his top management staff in Lagos, we are happy to state the following; Dangote Refinery has obliged IPMAN to lift PMS, AGO and DPK directly for onward supply to IPMAN depots and retail outlets. That this new arrangement with the Dangote refinery will ensure a steady and ceaseless supply of PMS products all over Nigeria, at an affordable rate for Nigerians also.”
Garima urged IPMAN members to support Dangote Refinery, citing backward integration benefits and positive impacts on Nigeria’s Foreign Exchange market.
“IPMAN members nationwide should rely on the Dangote refinery and Nigerian refineries for their white products, as this will translate into ensuring more job opportunities in Nigeria, as well as signify total support for President Bola Tinubu’s Renewed Hope Agenda,” he added.
On the issue of pricing, the IPMAN president said the negotiations with Dangote would yieldlower rates.
