Arrangement To Procure PMS Directly From Dangote Refinery Could Reduce Fuel Prices –IPMAN

The Independent Petroleum Marketers Association of Nigeria, IPMAN has said that the arrangement to procure PMS directly from Dangote Refinery could lead to a reduction in fuel prices.

At a press conference held on Monday in Abuja, Abubakar Garima, the National President of IPMAN, made this announcement after convening with the National Working Committee of the association.

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He clarified that the Dangote refinery has required IPMAN to directly source PMS, AGO, and DPK for subsequent distribution to IPMAN storage facilities and sales points. This updated agreement with the Dangote refinery aims to guarantee a consistent and uninterrupted supply of PMS products throughout Nigeria at a reasonable price.

He said, “That this new arrangement with the Dangote refinery will ensure a steady and ceaseless supply of PMS products all over Nigeria, at an affordable rate for Nigerians also.

“All IPMAN members should fully support the Dangote refinery, as it’s the ideal thing to do considering the monumental benefits of backward integration and the medium to long-term impact it will have on the Foreign Exchange markets in Nigeria.

“IPMAN members nationwide should rely on the Dangote refinery and Nigerian rfineries for their white products, as this will translate into ensuring more job opportunities in Nigeria, as well as signify total support for President Bola Tinubu’s Renewed Hope Agenda.”