Lagos, Oct. 14, 2024- Officials of the Independent Petroleum Marketers Association of Nigeria (IPMAN) are meeting with the management of Dangote Refinery from Tuesday to the discuss modalities of buying refined petrol directly from the company.
The Federal Government, had on Friday, announced a new arrangement which allows private petrol marketers to also lift refined petrol from local refineries, thereby bypassing the NNPCL.
The new arrangement, called Direct Purchase Mechanism, allows marketers to negotiate prices and buy directly from local refineries.
Chinedu Ukadike, the National Publicity Secretary of IPMAN, disclosed this while speaking on Arise TV on Sunday.
He said the association would meet with officials of the Dangote Refinery to discuss a healthy business relationship with the refinery.
Ukadike said the association had acquired tank farms to enhance its storage facilities, thus addressing a challenge that had previously hindered operations.
“We hope to sit down with Dangote maybe Tuesday or Wednesday and if they give us a template or price, we will move to Dangote.
“I want to reassure you that we have all it takes to off-take whatever Dangote will give to us. I don’t know why they are dragging their legs to discuss with marketers, maybe it is politics.
“The more we take action in terms of distribution lines, the price will come down, we are not afraid of this competition, we have organised ourselves and are ready to compete because this is the survival of the fittest.
“The issue of not having tank farms is gone because we have addressed the issue and now have farm tanks and anywhere Dangote says they will give us our products, we will distribute them to our marketers,” he said. (GBN)
