IPMAN, Dangote reach agreement on direct petrol supply

IPMAN, Dangote reach agreement on direct petrol supply

The Independent Petroleum Marketers Association of Nigeria has secured an agreement with Dangote Refinery to lift products directly.

IPMAN’s National President, Abubakar Garima, announced this at an ongoing press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association.

He said the partnership would ensure a steady, affordable supply of PMS products nationwide.

“After meeting with Aliko Dangote and his management team in Lagos, we are 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.”

Garima urged IPMAN members to support Dangote Refinery, citing the benefits of backward integration and its positive impact on Nigeria’s foreign exchange market.

“IPMAN members should rely on Dangote Refinery and Nigerian refineries for white products, creating more job opportunities and supporting President Bola Tinubu’s renewed hope agenda.”

The latest development concludes several months of negotiations between both parties and is expected to increase efficiency, affordability, and economic growth.

The Dangote Refinery, the largest in Africa and Europe, has already commenced the production of petrol, diesel, and aviation fuel, with plans to supply products to over 30,000 IPMAN members and 150,000 retail outlets nationwide.

This move is expected to eliminate middlemen, reduce costs, and ensure a steady supply.