The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery to directly lift premium motor spirit (petrol), diesel and other products.
IPMAN National President, Abubakar Garima, disclosed this development in Abuja on Monday following a meeting of the National Working Committee of the Association.
This is coming months after the Nigerian National Petroleum Corporation (NNPC) halted its plan to sole off-taker of petroleum products from the 650,000 bpd refinery.
Garima stated that the collaboration would ensure a steady and affordable supply of Premium Motor Spirit (PMS) products across the country.
The group have been in dispute with Dangote Refinery over pricing.
“After meeting with Alh. Aliko Dangote and his management team in Lagos, we are pleased to announce that Dangote Refinery has agreed to supply IPMAN with PMS, AGO, and DPK directly for distribution to our depots and retail outlets,” Garima said.
He emphasized the importance of supporting the Dangote Refinery, highlighting its backward integration benefits and potential positive impacts on Nigeria’s Foreign Exchange market
Garima urged IPMAN members to rely on the Dangote Refinery and Nigerian refineries for white products.
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“IPMAN members should rely on Dangote Refinery and Nigerian Refineries for white products, creating more job opportunities and supporting President Bola Tinubu’s renewed hope agenda,” he said.
Regarding pricing, Garima expressed optimism that discussions with Dangote Refinery would result in more competitive rates for petroleum products.
He, however, did not mention any price the marketers have in mind to purchase the product from Dangote.
