IPMAN to begin lifting PMS from Dangote refinery, assures of lower product price

 

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has hinted on plans to begin direct lifting of premium motor spirit (PMS) from the Dangote Refinery. This, according to the association, will promote availability of petroleum to Nigerians at a cheaper rate.

Abubakar Maigandi, national president of the association, disclosed this during a press conference in Abuja on Monday. According to him, it has become imperative for IPMAN members to fully support the Dangote Refinery, stating that it is 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.

 

He explained that the Dangote Refinery has obliged IPMAN to lift PMS, AGO and DPK directly for onward supply to IPMAN depots and retail outlets. This new arrangement with the Dangote Refinery will ensure steady and ceaseless supply of PMS products all over Nigeria at an affordable rate.

“We got the assurance that we are going to start lifting directly through Dangote, and that is the reason why we call this conference to inform all members to get set to take product from Dangote directly, not through the third party.

“Already, we all know the sector is being fully deregulated. I assure you, the price that we are expecting to get will be at a lower rate by God’s grace,” he said.

 

 

Speaking on its contribution to the Federal government’s CNG drive, Maigandi urged members to begin the deployment of machineries for a successful transition to initiate CNG refill stations in all retail outlets.

“Truly, there is no doubt that CNG has the potential to rejuvenate our economy for a better life for Nigerians, and IPMAN is ready to give all to support the CNG initiative,” he said.

 

In his remarks, Aminu Abdukadir, the chairman, Board of Trustees of the association, said that IPMAN must remain committed to providing the retail stations and funds to ensure that products are delivered to consumers.

 

“The business of making money without doing anything is over with the deregulation of the sector. For IPMAN to survive, it must provide the filling stations, the money, the trucks, to provide this commodity to motorists,” he said.