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By Samaila Emmanuel Bzugu
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Dangote Refinery have made a groundbreaking agreement that will revolutionize the fuel industry in Nigeria. The two giants have agreed to directly lift Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK).
This development is a significant step towards ending the intermediary role of the Nigerian National Petroleum Corporation (NNPC) in fuel procurement. IPMAN members will now be able to purchase PMS directly from local refineries, including Dangote Refinery, without relying on NNPC.
The agreement is expected to improve the supply chain and reduce costs associated with fuel importation. It will also boost the capacity of local refineries to meet Nigeria’s fuel demands.
Direct lift of PMS, AGO, and DPK will ensure a steady supply of fuel across the country, Eliminating intermediaries will reduce costs and make fuel more affordable for Nigerians, and The agreement will encourage the growth of local refineries and reduce dependence on fuel importation.
IPMAN and Dangote Refinery are set to finalize the details of the agreement in a meeting scheduled for this week.
IPMAN and Dangote Refinery are set to finalize the details of the agreement in a meeting scheduled for this week. This move is seen as a major breakthrough in Nigeria’s quest for energy self-sufficiency.
