13th November 2024
By Idris Buba
Over 30,000 members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, are now set to buy Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery in bulk.
IPMAN President, Abubakar Garima, who disclosed this on Tuesday while speaking on a live television programme, also revealed that the price of petrol from the $20 billion Lekki-based plant was N940/litre and N990/litre when purchased using ships and trucks, respectively.
If the agreement sail through, the independent oil marketers might not import petrol again following the deal to begin direct lifting from the Dangote refinery.
Speaking on the television programme, IPMAN President, Abubakar Garima, said the pump prices of petrol at its retail outlets will drop following the agreement with the Dangote refinery to lift products directly from the plant.
IPMAN and Dangote refinery on Monday agreed to directly lift petrol, diesel and other petroleum products from the refinery.
The agreement is coming 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.
IPMAN president, explained that the Dangote refinery had been obliged to allow marketers lift PMS, AGO, and DPK directly for onward supply to their depots and retail outlets but didn’t reveal the price.
Giving an update on pricing during the interview, the IPMAN national officer said the Refinery has provided two different rates for marketers based on their preferences.
He said marketers can load at the gantry at a price of N990 per litre or N940 through vessel transportation.
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Garima said, “Presently, we have been given two different arrangments 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. We use vessels to carry these products and there is another one to load from the gantry.
“For Port Harcourt, Warri, Calabar, we have to use vessels because there is no Dangote loading gantry there, we have to carry it to our private depot and discharge and distribute it to our members.”
Garima, noted that the collaboration aims to ensure a consistent and affordable supply of Premium Motor Spirit and other products nationwide.
He further projected that the petrol price may be reduced by N50 or more, depending on the location of purchase.
