Dangote Refinery, Marketers to meet over direct petrol lifting, price reduction

The Independent Petroleum Marketers Association of Nigeria has revealed that its members will be meeting with Dangote Refinery this week over the direct lifting of Premium Motor Spirit(Petrol) and its price reduction.

The Spokesperson of IPMAN, Chief Chinedu Ukadike disclosed this in a recent statement explaining that the members are optimistic about commencing the direct lifting of Dangote Petrol soon.

According to him, adequate distribution of petrol has remained an enigma in the country’s oil and gas sector even after the commencement of Dangote Petrol distribution.

“There is a meeting scheduled for this week between Dangote and IPMAN. We are happy that Dangote has set on a new course in terms of looking to other stakeholders to distribute its products.

”It is now distributing to major marketers and we are hopeful that with time it will start distributing to independent marketers”, he said.

His comment comes as the Nigerian National Petroleum Company Limited retail outlets and other independent filling stations sell Petrol between N950 and N1,100 depending on the location across the country after the lifting of Dangote Fuel.

This comes as the Crude Oil Refiners Association of Nigeria, CORAN urged the Nigerian Government to peg foreign exchange at N1000 per dollar to crash the price of Dangote Refinery’s petrol to below N600 per litre.