Marketers Give Update on New Pump Price of Fuel After Dangote, IPMAN's Agreement
- Marketers have announced that Nigerians will know the new fuel pump price by Wednesday, November 13, 2024
- They noted that negotiation is still ongoing with Dangote Refinery about the pricing strategy
- The marketers added that the discussion is centred around how Nigerians will get a cheaper petrol price
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said Nigerians will be informed of the new petrol pump price by Wednesday, November 13.
Source: UGC
This comes as the association revealed that discussions on the pricing plan are still ongoing between the association and Dangote Refinery.
During its meeting with Dangote Refinery on Monday, November 11, IPMAN claimed it had settled all other issues and that its decision would affect Nigerians in the days ahead.
Yakubu Suleiman, IPMAN's national assistant secretary, provided more insights on the issue on Tuesday, November 12, during an interview on Arise Television's Morning Show.
The announcement follows the petroleum marketers' announcement that they had finally reached a deal with Dangote Refinery to lift goods directly.
Suleiman claimed that the main focus of the conversation with Africa's largest refinery was lowering the price of gasoline for Nigerians and that IPMAN finds it inconvenient that Nigerians are paying more for it.
He said:
“We are happy that with that meeting with Dangote Refinery, we have resolved all the nitty gritty. By the grace of God, very soon, within the next few days, Nigerians will feel the impact.
“The whole thing is centered around ‘how do we have a cheaper petroleum price.’ Like I said earlier in my former interview, it bothers us that Nigerians are buying at the higher rate.
“The discussion with Dangote is still ongoing. I believe between today and tomorrow we will finish on the issue of pricing.
“I want you to exercise patience. You must have heard what our IPMAN National President stated yesterday. So, between today and tomorrow, once the issue of pricing is finalized, Mr. President will come out to the public and inform the generality of Nigerians, ‘this is the price IPMAN has agreed with Dangote, and this is the price that we are going to sell in our retail outlets.’ Now, I want to assure you it’s going to be cheaper.”
More countries show interest to buy Dangote petrol
Legit.ng earlier reported that the Dangote Refinery, Africa’s largest oil refinery, announced plan to expand its reach to South Africa, Angola, and Namibia.
Punch reports that in addition to these three countries, negotiations are underway with four other African nations: Niger Republic, Chad, Burkina Faso, and the Central African Republic.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
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