IPMAN has instructed members to exclusively source Premium Motor Spirit (PMS), AGO, and DPK from Dangote Refinery, ending plans to import fuel. This new agreement aims to reduce fuel prices and ensure stable supply across Nigeria, promoting local refining and job creation.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has instructed all its members to exclusively source Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK) from the Dangote Refinery. This move, announced on Monday by the National President of IPMAN, Abubakar Maigandi, puts an end to plans for importing petroleum products.
Speaking at a press conference in Abuja, Maigandi emphasized that this agreement would not only stabilize fuel prices but also strengthen Nigeria’s domestic supply chain. By sourcing directly from Dangote Refinery, the association hopes to reduce reliance on imports and improve the affordability and availability of fuel nationwide.
Maigandi praised Dangote Refinery for facilitating this agreement, highlighting the long-term economic benefits of supporting local refineries. He also noted that this partnership aligns with the Nigerian government's economic vision and would contribute to improving the country’s foreign exchange position.
The decision comes after a period of controversy between IPMAN and Dangote Refinery, where the two parties disagreed on fuel pricing. Dangote had previously revealed that its gasoline was priced at N960 to N990 per liter for trucks and ships, which some marketers had argued was higher than imported fuel. However, with the new agreement in place, IPMAN is optimistic that the collaboration will result in more affordable and consistent fuel prices across the nation.
