*As IPMAN, Dangote reach agreement on direct supply of PMS, others
*IPMAN says agreement will ensure steady, affordable supply PMS nationwide
*That Dangote has agreed to supply it with PMS, AGO, DPK directly
*Calls on members to rely on Dangote Refinery, Nigerian Refineries for white products
By Our Correspondent with agency report
The end to the lingering scarcity of petroleum products in the country especially the Premium Motor Spirit, PMS popularly known as fuel may have come as the Independent Petroleum Marketers Association of Nigeria, IPMan has secured an agreement with the Dangote Refinery to lift products directly.
The National President of IPMAN, Abubakar Garima who announced this during a press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association said the partnership would ensure a steady, affordable supply of PMS products nationwide.
“After meeting with Aliko Dangote and his management team in Lagos, we are pleased to announce that Dangote Refinery has agreed to supply IPMAN with PMS, AGO, and DPK directly for distribution to our depots and retail outlets.
“IPMAN members should rely on Dangote Refinery and Nigerian refineries for white products, creating more job opportunities and supporting President Bola Tinubu’s renewed hope agenda”, he said.
The National President therefore urged IPMAN members to support Dangote Refinery, citing the benefits of backward integration and its positive impact on Nigeria’s foreign exchange market.
It would be recalled that the latest development concludes several months of negotiations between both parties and is expected to increase efficiency, affordability, and economic growth.
It would also be recalled that the Dangote Refinery, the largest in Africa and Europe, has already commenced the production of petrol, diesel, and aviation fuel, with plans to supply products to over 30,000 IPMAN members and 150,000 retail outlets nationwide.
This move is expected to eliminate middlemen, reduce costs, and ensure steady supply petroleum products nationwide especially the Premium Motor Spirit popularly known as fuel.
