In a development that IPMAN believes will enhance the stability and efficiency of Nigeria's fuel supply chain, the group is preparing to finalize agreements with the Dangote refinery regarding petrol lifting costs. This comes after the government granted the Dangote refinery and marketers the freedom to set their market prices. Recently, the Nigerian National Petroleum Company Limited (NNPC) opted to step back from overseeing Dangote's refinery operations, allowing market forces to dictate fuel pricing. According to the Punch newspaper, IPMAN's National Publicity Secretary, Chinedu Ukadike, provided an update on this situation on Sunday, expressing the group's eagerness to establish a positive business partnership with the refinery and their intention to meet with its executives for discussions.
"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 publicity
secretary stated.
"The more we take action in terms of distribution lines, the
price will come down, we are not afraid of this
competition, we have organized ourselves and are ready
to compete because this is the survival of the fittest" he
added