Petroleum marketers reach agreement with Dangote Refinery to lift petrol, other products directlyÂ
Dangote Refinery has agreed to supply IPMAN with PMS, AGO (Automotive Gas Oil), and DPK (Dual Purpose Kerosene) directly for distribution to marketers’ depots and retail outlets
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery to directly supply premium motor spirit (petrol), diesel, and other products. IPMAN’s National President, Abubakar Garima, announced this development in Abuja on Monday after a meeting of the association’s National Working Committee.
This agreement comes a few months after the Nigerian National Petroleum Corporation (NNPC) abandoned its plan to be the sole off-taker of petroleum products from the 650,000 barrels per day refinery. Garima stated that this collaboration would ensure a steady and affordable supply of Premium Motor Spirit (PMS) products across the country.
“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 (Automotive Gas Oil), and DPK (Dual Purpose Kerosene) 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 its potential positive impact on Nigeria’s foreign exchange market.
Garima urged IPMAN members to rely on the Dangote Refinery and other Nigerian refineries for their supply of white products, noting that this would create more job opportunities and support President Bola Tinubu’s renewed hope agenda. Regarding pricing, Garima expressed optimism that discussions with Dangote Refinery would lead to more competitive rates for petroleum products, though he did not specify any price expectations.
Additionally, on the topic of Compressed Natural Gas (CNG), Garima highlighted IPMAN’s plans to establish CNG refill stations across the country. He assured members that the Association would work closely with the Federal Government to ensure the availability of the necessary infrastructure and incentives to facilitate the seamless adoption of CNG. He encouraged marketers to embrace this opportunity, as it promises long-term benefits for the industry and the nation’s economy.
“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,” he said. MoreÂ
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