BREAKING: IPMAN Vows To Patronize Dangote Refinery At Any Cost

IPMAN has vowed to patronize Dangote Refinery at any cost.

 

NewsOnline Nigeria reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has promised to patronize Dangote Refinery when the organization starts selling petrol to members of the public.

 

The National President of IPMAN, Abubakar Maigandi, who made this known on Saturday, added that the marketers are ready to buy from Dangote irrespective of the price the refinery fixes for its product as long as the organization is ready to do business with its members.

“Whatever the case, if Dangote starts selling his product, we are going to patronise him; if at all he wants to do business with us.

 

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“We are ready to buy at any price because the NNPC is saying that they don’t want to involve themselves in fixing prices. So, at any price that he wants to sell, we are ready to buy and discharge and sell at a good price,” he told Punch.

 

Meanwhile, the Nigerian National Petroleum Company Limited (NNPC) has clarified its stance regarding the recent accusations by the Muslim Rights Concern (MURIC), which suggested that NNPC’s actions were undermining the operations of Dangote Refinery Limited (DRL).

 

According to a statement issued on Saturday by Olufemi Soneye, the Chief Corporate Communications Officer of NNPC, the company refuted claims that changes in the pump price of Premium Motor Spirit (PMS) would prevent the Dangote Refinery from offering competitive prices.

 

NNPC emphasized that it is not the sole buyer of petroleum products in Nigeria and that the market remains open for competitive pricing from any local refinery, including DRL.

 

They reiterated that the pricing of products from any refinery, including DRL, is determined by global market forces, and current high prices present an opportunity for local refineries to sell at lower rates.

 

The company also dismissed the claim that it is the sole offtaker of products from DRL, stating that domestic refineries are free to sell directly to any marketer on a “willing buyer, willing seller” basis.

 

The NNPC assured the public that they hold no exclusive rights to distribute Dangote Refinery’s products and that their role in the market remains transparent and competitive.