The Independent Petroleum Marketers Association of Nigeria (IPMAN) has signaled its willingness to buy Premium Motor Spirit (PMS) from Dangote Refinery, provided the price is competitive compared to current rates.
IPMAN President, Abubakar Maigandi, stated that while his members are open to purchasing petrol from the Dangote facility, they are awaiting details on the pricing. He emphasized that the association will consider buying from Dangote Refinery if the price is lower than what is currently available from other sources.
Maigandi clarified, “After today’s meeting with our members, we are prepared to buy petrol from Dangote Refinery under the condition that the price is not higher than what we are paying elsewhere. Currently, NNPCL supplies us at an average of ₦875 per liter, which we sell at ₦930 or ₦940 depending on procurement. At the depot, the price is ₦990 per liter.”
He continued, “We haven’t received the price details from Dangote Refinery yet. We cannot boycott Dangote’s petrol if it proves to be cheaper. We don’t have any issues with Dangote Refinery.”
This statement follows allegations by Edwin Devakumar, Vice President of Dangote Industries Limited, who accused local marketers of boycotting Dangote Refinery’s petrol despite offering it at lower prices. Devakumar highlighted that only 3% of local marketers showed interest in purchasing the refinery’s petrol during an X Space session organized by Nairametrics.
