The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that petrol from the Dangote Refinery is priced at N940 per litre when purchased via ships and N990 per litre when transported using trucks.
- The association also noted that over 30,000 of its members are prepared to buy Premium Motor Spirit (petrol) in bulk from the $20 billion Lekki-based refinery. With the agreement to commence direct lifting from the Dangote refinery, it is anticipated that independent oil marketers may cease importing petrol.
- IPMAN President, Abubakar Garima, stated during an interview on Channels Television that the pump prices of petrol at retail outlets are expected to decrease following the agreement with the Dangote refinery.
- He provided an update on pricing, mentioning that the refinery has set two different rates for marketers based on their preferred transportation method.
- Marketers can choose to load at the gantry for N990 per litre or opt for vessel transportation at N940 per litre. Garima explained, “Presently, we have been given two different arrangements on how to buy fuel from the refinery. There is the one that we can load the vessels and carry to our various depots at the rate of N940 per litre.
- Then for the depots, it is at the rate of N990 per litre. The difference is because we have to load it and carry it to another part of the state.”
- He further projected that the petrol price may be reduced by N50 or more, depending on the location of purchase.
- On Monday, IPMAN agreed with the Dangote refinery to directly lift petrol, diesel, and other petroleum products.
- This agreement follows months after the Nigerian National Petroleum Corporation suspended its plan to serve as the sole off-taker of petroleum products from the 650,000 barrels per day refinery.
- The IPMAN president explained that the Dangote refinery had been obliged to allow marketers to lift PMS, AGO, and DPK directly for onward supply to their depots and retail outlets but didn’t reveal the price.
