The Independent Petroleum Marketers Association of Nigeria (IPMAN) announced on Monday that it has reached an agreement with Dangote Refinery to obtain petroleum products directly, marking a major step toward stabilizing fuel supply and affordability across the country. The agreement follows weeks of discussions between IPMAN and Dangote Refinery, which sought to address issues of supply and pricing for essential fuel products.
In a press briefing held in Abuja, IPMAN President Abubakar Garima expressed optimism about the agreement, highlighting its potential to enhance collaboration between IPMAN and Dangote Refinery. He stated that the new partnership would help ensure a steady and affordable supply of petroleum products, benefiting consumers and supporting Nigeria’s economy.
“We are pleased to announce that Dangote Refinery has agreed to supply IPMAN with Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK) directly,” Garima announced. He explained that these products would be distributed to IPMAN’s depots and retail outlets, making them more readily available across the nation.
Garima also urged IPMAN members to show their support for Dangote Refinery and local refineries. He noted that this partnership aligns with President Bola Tinubu’s agenda for renewed economic growth, emphasizing that working together would create job opportunities and help stabilize Nigeria’s fuel market. “IPMAN members should rely on Dangote Refinery and Nigerian refineries for white products, as this will aid economic growth and support President Tinubu’s renewed hope agenda,” he added.
The agreement is expected to resolve the logistical and supply challenges that IPMAN faced previously. Earlier in November, IPMAN had cited the high costs of transporting fuel from Dangote Refinery as a primary reason for seeking cheaper supply options from other depots. This logistical issue had led to delays and reduced availability of fuel, impacting both IPMAN’s distribution and consumers’ access to products.
With the new arrangement, IPMAN aims to address these issues and streamline fuel distribution, making petroleum products more accessible and affordable. This development is seen as a crucial step toward stabilizing Nigeria’s fuel market, reducing shortages, and potentially lowering fuel prices in the long run.
Through this direct partnership, both IPMAN and Dangote Refinery hope to establish a reliable supply chain that serves the needs of Nigerians and supports the broader economic goals of the government.
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