Oil marketers reached agreement with Dangote refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced an agreement with Dangote Refinery to purchase premium motor spirits (petrol), diesel, and other refined products directly.
Abubakar Garima, IPMAN National President, disclosed the deal after the Association’s National Working Committee meeting on Monday, November 11, in Abuja. For weeks, oil marketers and the Dangote refinery have been in a war of words over the purchase and distribution of petrol products. Punch reports.
The agreement marks a key development in Nigeria’s petroleum industry, which Nigerians hope will reflect positively on the retail price of fuel.
The IPMAN leader also spoke on the importance of supporting local refining capacity, noting that the Dangote Refinery’s backward integration model could offer numerous benefits, including job creation and potential improvements in Nigeria’s foreign exchange market.

source: legit.ng

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