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Petrol price reduction imminent as IPMAN, Dangote agree on direct fuel sale

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The Independent Petroleum Marketers Association of Nigeria has reiterated that the commencement of direct sales of Dangote’s Premium Motor Spirit (Petrol) to its members will crash the price of fuel in the country in the coming days.

The National Secretary of the Independent Petroleum Marketers Association of Nigeria, James Tor, disclosed this in an exclusive interview with journalists on Monday.

His statement comes after IPMAN National President, Abubakar Maigandi, announced on Monday that Dangote Refinery has agreed to sell petrol directly to its members.

The agreement between IPMAN and the Dangote Refinery brings an end to the middleman posture played by the NNPCL inaugural lifting of Dangote Petrol on September 16th, 2024.

Speaking on the impact of the direct purchase agreement between IPMAN and Dangote Refinery, Tor explained that Nigerians will experience a drastic reduction in the price of petrol and a boost in the products’ availability nationwide, noting that the agreement would make the pump price of petrol at Independent marketers’ retail outlets drop below N1,150 per litre.

Written by: bossgmsi

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