IPMAN, Dangote agree on direct petrol supply

Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday reached an agreement with Dangote Refinery to lift petroleum products directly. The agreement came after weeks of negotiations between both parties on the supply and affordability of petroleum products. In a press briefing in Abuja, IPMAN president Abubakar Garima said that the latest agreement is poised to strengthen partnerships between parties, which will result in the regular and affordable supply of petroleum products across the country. “After meeting with Aliko Dangote and his management team in Lagos, we are 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,” he said.
Mr Garima appealed to IPMAN members to support the Dangote Refinery to strengthen economic growth. “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,” he stated. IPMAN had earlier, in November, cited the high logistical costs of buying petrol from the Dangote Refinery as a reason for independent marketers to seek cheaper options at other depots across the country. The lack of agreement between both parties resulted in delays and challenges in the supply of petroleum products.