The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for “the right conditions” to facilitate business with the Dangote Refinery. The refinery currently holds over 500 million liters of Premium Motor Spirit (PMS), as announced by Aliko Dangote, aimed at ending fuel importation. IPMAN, however, expressed concerns about high prices and logistics, saying these factors make the refinery’s products less competitive compared to imported fuel.
IPMAN’s National Assistant Secretary, Yakubu Suleiman, emphasized the need for better engagement with stakeholders, urging Dangote to establish more favorable terms for direct purchase. Suleiman highlighted that, while IPMAN supports the refinery, price disparities and additional loading costs challenge profitability.
Dangote addressed these concerns by inviting marketers to source directly from the refinery, which is set to produce 30 million liters per day at full capacity. However, he emphasized that retailers need to initiate pick-up as the refinery does not handle retail operations.
In related developments, the Nigerian Ports Authority (NPA) reported that seven vessels were scheduled to discharge various petroleum products, including diesel and aviation fuel, at Lagos Ports, supporting fuel availability nationwide.
