Dangote Refinery, Marketers To Brainstorm Over Petrol Price Reduction, Direct Lifting

The direct lifting of Premium Motor Spirit (Petrol) and its price reduction are the topics of a meeting between the members of the Independent Petroleum Marketers Association of Nigeria and Dangote Refinery scheduled for this week.

In a recent statement, IPMAN Spokesperson Chief Chinedu Ukadike revealed this information and stated that the organization’s members are hopeful that the direct lifting of Dangote Petrol will soon begin.

He claims that even with the start of Dangote Petrol distribution, sufficient gasoline distribution has remained a mystery in the nation’s oil and gas industry.

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“There is a meeting scheduled for this week between Dangote and IPMAN. We are happy that Dangote has set on a new course in terms of looking to other stakeholders to distribute its products.

”It is now distributing to major marketers and we are hopeful that with time it will start distributing to independent marketers”, he said.

His comment comes as the Nigerian National Petroleum Company Limited retail outlets and other independent filling stations sell Petrol between N950 and N1,100 depending on the location across the country after the lifting of Dangote Fuel.

This comes as the Crude Oil Refiners Association of Nigeria, CORAN urged the Nigerian Government to peg foreign exchange at N1000 per dollar to crash the price of Dangote Refinery’s petrol to below N600 per litre.