Tuesday, November 12, 2024 -A New pump price of petrol may be in the offing as the Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Refinery to lift products directly.
PMAN National President Abubakar Garima announced this to newsmen in
Abuja on Monday, November 11, after a meeting of the National Working Committee
of the Association.
He said the partnership will ensure steady, affordable supply of PMS
products nationwide.
“After meeting with Alh. Aliko Dangote and his management team in Lagos,
we’re 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 urged IPMAN members to support Dangote Refinery, citing backward
integration benefits and positive impacts on Nigeria’s Foreign Exchange market.
“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.”
Regarding pricing, Garima expressed confidence that negotiations with
Dangote would yield lower rates.
On Compressed Natural Gas (CNG), The IPMAN President said the
Association is preparing for a seamless transition to CNG refill stations
nationwide.
“CNG has immense potential to boost Nigeria’s economy. IPMAN is
committed to supporting this initiative and partnering with the Federal
Government for its success.”
This partnership is expected to increase efficiency, affordability, and
economic growth for Nigeria’s petroleum industry.
The Dangote Refinery has already commenced production of diesel and
aviation fuel, with plans to supply products to over 30,000 IPMAN members and
150,000 retail outlets nationwide.
This move is expected to eliminate middlemen, reduce costs, and ensure
steady supply.
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