News | Events | Digital PR | Advertising

Home News IPMAN Shifts to Dangote Refinery Amid Rising Petrol Prices
News

IPMAN Shifts to Dangote Refinery Amid Rising Petrol Prices

Share
Share

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to source Premium Motor Spirit (PMS) directly from the Dangote Petroleum Refinery following a 4.7% increase in depot prices, which rose from N907 to N950 per litre. The price hike is attributed to rising crude oil costs, which have climbed from $73 to $80 per barrel.

IPMAN’s Public Relations Officer, Chinedu Ukadike, stated that sourcing petrol from Dangote Refinery is more cost-effective than relying on private depot owners. The refinery offers PMS at N909 per litre, with a minimum purchase of two million litres. Additionally, members can also buy from MRS, which distributes Dangote’s products.

IPMAN’s National President, Alhaji Garima, confirmed that some members still purchase PMS from the NNPC at N899.50 per litre but emphasized that the Dangote-MRS arrangement offers significant cost advantages. He also encouraged members to pool funds to buy directly from Dangote Refinery, taking advantage of the new flexible pricing structure following the removal of fuel subsidies.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
CrimeFeaturesNews

Sesame Workshop Addresses ‘Disgusting’ Antisemitic Posts On Hacked Elmo X Account

The X account for its beloved fuzzy, red monster Elmo was compromised...

EconomicFeaturesNews

Kenya Drops Visa Requirements For All African Countries Except Somalia And Libya

Kenya has officially scrapped visa requirements for all African and most Caribbean...

NewsPolitics

Governor Radda Confirms Buhari’s Burial For Tuesday In Daura, Katsina State

Born on December 17, 1942, Buhari died on Sunday at a clinic...

FeaturesNewsPolitics

Vice President Shettima Pays Condolence Visit To Former First Lady Aisha Buhari In London

Vice President Kashim Shettima, on Monday, visited the family of late President...