In an interview with Channels Television on Tuesday, IPMAN’s National President, Abubakar Maigandi, acknowledged that this development comes after a new agreement between IPMAN and Dangote Refinery.
Speaking on Channels TV, Maigandi revealed that Dangote Refinery has given IPMAN members a price template of ₦940 per litre for depot purchases and ₦990 per litre for truck purchases. This action is anticipated to lower fuel prices nationwide.
According to Maigandi, this arrangement will lower the price of gasoline by ₦50, depending on the region, for their members who now sell it for between ₦1,150 and ₦1,200 per liter.
Nigerian customers, who have experienced volatile fuel costs, are expected to benefit from the price cut.
“We currently have two different arrangements on how to purchase fuel from the refinery,” he stated.
At the pricing of ₦940 per liter, we are able to load the vessels and transport them to our several depots. The price per liter for the depots is then ₦990.
For example, the price per liter in Maiduguri is currently N1,200. Therefore, with these recent adjustments, it can drop by ₦50 to ₦1,150. That comes to ₦1,150. It might even be less than that.
Remember how IPMAN stated on Monday that Dangote Refinery had agreed to sell gasoline directly to its members, ending the Nigerian National Petroleum Company’s role as Dangote petrol buyer?
The change follows Dangote Refinery’s announcement that its gasoline is priced at ₦960 and ₦990 per liter for trucks and ships, respectively.
