IPMAN Gives Condition To Buy Petrol From Dangote Refinery

The Independent Petroleum Marketers Association of Nigeria ( IPMAN) has given conditions to purchase Premium Motor Spirit (PMS), popularly known as petrol, from Dangote Refinery.

It expressed readiness to purchase the product provided the price is lower than what is currently available to them.

IPMAN president, Abubakar Maigandi, said his members are ready to patronize Dangote fuel but are currently not aware of the price of petrol from the refinery.

He outlined that they would be having a meeting with Dangote Refinery, adding that they have no reason to boycott products from the facility, particularly if it eventually turns out that its prices are lower.

He said, “After a meeting with our members today (Thursday), we are ready to buy Petrol from Dangote Refinery in any condition provided the price is not more than the price we are getting from other places.

“NNPCL, you know they are the sole importer, the company sells to us at an average price of N875 per liter.

“For the NNPCL product, we sell at N930 or N940 depending on how the product was obtained. While at the depot, we buy at N990 per liter. We are marketers, anywhere we can get it at a lower rate, we will go there.

“In the letter to us, Dangote said the PMS is ready. The price was not stated.

“We can’t boycott Dangote Refinery; if Dangote Refinery’s petrol is cheaper, how can marketers boycott the product?

“We don’t have any issue with Dangote Refinery.”

The statement comes as a direct response to the submission by the Vice President of Dangote Industries Limited, Edwin Devakumar, who accused local petroleum marketers of boycotting Dangote Refinery’s petrol despite offering lower prices.

Edwin made the allegation while speaking during an X space session organised by Nairametrics, where he said only 3 percent of local petroleum marketers were interested in buying its recently rolled-out petrol.