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IPMAN, Dangote Finalize Deal For Direct Petrol Supply

Published

1 month ago

Nov 11, 2024.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finalized a partnership with Dangote Refinery for the direct supply of fuel products, aiming to secure a stable and affordable distribution of Premium Motor Spirit (PMS) nationwide.

IPMAN’s National President, Abubakar Garima, confirmed this development on Monday during a press briefing in Abuja following a meeting with the Association’s National Working Committee.

Garima announced that, after discussions with Aliko Dangote and his management team in Lagos, the refinery agreed to supply IPMAN directly with PMS, Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK).

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EKO HOT BLOG reports that each these products will be delivered straight to IPMAN depots and retail outlets, bypassing intermediaries to maintain competitive pricing.

“We are committed to this collaboration with Dangote Refinery, as it will foster a more reliable and affordable fuel supply chain across Nigeria,” Garima stated, urging IPMAN members to support the partnership.

He highlighted the broader economic benefits of the agreement, emphasizing that it promotes backward integration, supports job creation, and contributes to Nigeria’s foreign exchange reserves. Garima also noted that the deal aligns with President Bola Tinubu’s “Renewed Hope” agenda, aiming to revitalize the economy.

IPMAN Dangote Petrol Supply

After months of negotiation, this collaboration is expected to enhance fuel supply efficiency, lower prices, and stimulate economic growth.

With Dangote Refinery—Africa and Europe’s largest—now producing petrol, diesel, and aviation fuel, the partnership plans to distribute fuel to over 30,000 IPMAN members and 150,000 retail outlets across the country.

By eliminating intermediaries, the agreement is anticipated to reduce costs and ensure a stable fuel supply for Nigerians.