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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

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