Dangote meets marketers Tuesday over new petrol price

The Independent Petroleum Marketers Association of Nigeria has scheduled talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant.

According to report, the Petroleum Retail Outlet Owners Association of Nigeria on Sunday, had been asked by the $20bn Lekki-based refinery to resend its request for petrol lifting. This came as PETROAN expressed optimism that the cost of petrol might reduce in the coming days once the competition in the downstream oil sector sets in fully, as marketers load the commodity from the refinery.

Meanwhile, IPMAN described the planned agreement with the Dangote refinery as a crucial step in the association’s efforts to facilitate the lifting of petroleum products, thereby contributing to the stability and efficiency of the country’s fuel supply chain.

Last week, the Federal Government granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited