Breaking News

Marketers, Dangote reach agreement to lift fuel from refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with the Dangote refinery to lift fuel directly.

The IPMAN National President, Abubakar Garima, disclosed this after a meeting of the National Working Committee of the association in Abuja on Monday, November 11, 2024.

Girima said the partnership will ensure steady and affordable supply of Premium Motor Spirit (PMS), otherwise known as petrol, across the country.

The IPMAN boss said the association was able to secure the agreement after meeting with Aliko Dangote and his management team in Lagos.

FG grants marketers’ request to lift fuel from Dangote refinery

“We’re 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 stated.

Garima further urged IPMAN members to support the Dangote refinery, citing backward integration benefits and positive impacts on Nigeria’s Foreign Exchange market.

Speaking on fuel prices, Garima expressed confidence that negotiations with Dangote would yield lower rates.

The Star

Segun Ojo

Recent Posts

Malam Fatori attack: ISWAP death toll rises to 75

The number of ISWAP fighters killed during a failed assault on troops in Malam Fatori…

22 minutes ago

Ndidi, Lookman, 21 others in Super Eagles squad for Iran, Jordan friendlies

Super Eagles head coach Eric Chelle has named captain Wilfred Ndidi, Alex Iwobi, and Ademola…

1 hour ago

Eid-el-Fitr: NSCDC deploys 53,500 personnel nationwide

The Nigeria Security and Civil Defence Corps (NSCDC) has announced the deployment of over 53,500…

2 hours ago

Iran executes man spying for Israel

Iran has executed a man accused of working as a spy for Israel’s intelligence agency,…

2 hours ago

10 Filipino sailors convicted, fined $6m for cocaine trafficking

The Federal High Court sitting in Lagos has convicted 10 Filipino sailors and their merchant…

3 hours ago

Oyebanji: My govt turning Ekiti barren lands into commercial hub

Ekiti State Governor Biodun Oyebanji has reiterated his administration’s commitment to ensuring that owners of…

3 hours ago

This website uses cookies.