The Independent Petroleum Marketers Association of Nigeria has announced that Premium Motor Spirit (Petrol) prices will be reduced by N50 when purchasing directly from Dangote Petrol.
In an interview with Channels Television on Tuesday, the National President of IPMAN, Abubakar Maigandi, shared this news. He mentioned that Dangote Refinery has agreed to offer petrol to IPMAN members at a price range of N940 to N990 per litre for depots and trucks.
Maigandi stated that with the new pricing from Dangote, IPMAN members selling petrol at N1,150 to N1,200 per litre will now lower their prices by N50 per litre, depending on their location.
“Presently, we have been given two different arrangements on how to buy fuel from the refinery.
“There is the one that we can load the vessels and carry to our various depots at the rate of N940 per litre. Then for the depots, it is at the rate of N990 per litre.
“For instance, the current price in Maiduguri now is N1,200 per litre. So with these current changes, it may likely reduce to N1,150, which is a reduction of N50. So that’s N1,150. It may even be below that”, he stated.
