Victor EzejaThe Independent Petroleum Marketers Association of Nigeria, (IPMAN), and Dangote Refinery management have finally sealed a deal for direct lifting of Premium Motor Spirit (PMS), also known as petrol from the refinery.
IPMAN National President, Abubakar Maigandi, who made this known during a press conference in Abuja on Monday, 11th November, explained that allowing marketers to directly lift petroleum products from the refinery, would boost availability and equally make them affordable to consumers across the country.
Join our WhatsApp ChannelMaigandi said Dangote Refinery has given a nod to IPMAN to begin lifting PMS, Automotive Gas Oil (AGO, also known as diesel), and Dual Purpose Kerosene (DPK) directly for distribution to depots and retail outlets across the country.
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“The Dangote Refinery has obliged IPMAN to lift PMS, AGO, and DPK directly for onward supply to IPMAN depots and retail outlets,” Maigandi stated.
“This arrangement will ensure steady and seamless supply of petroleum products all over Nigeria at an affordable rate for all Nigerians,” he explained.
This brings to an end the recent feud between Dangote and Marketers over accessing petroleum products from the 650,000 barrels per day facility. It also means that IPMAN will drop plans to source petroleum products through imports.
While noting that the petroleum sector is now fully deregulated, the IPMAN national president said: “I assure you, the price that we are expecting to get will be at a lower rate by God’s grace.”
Maigandi urged all IPMAN members to support the Dangote Refinery, stressing that it is the ideal thing to do considering the long-term economic benefits to the country in having a local refinery.
“IPMAN members should rely on Dangote Refinery and other Nigerian refineries for products, as this will translate to more job opportunities in Nigeria as well as signify total support for President Bola Ahmed Tinubu’s renewed agenda,” Maigandi added.
Victor Ezeja is a passionate journalist with six years of experience writing on economy, politics and energy. He holds a Masters degree in Mass Communication.
