The Independent Petroleum Marketers Association of Nigeria (IPMAN) had in September raised questions regarding the widely celebrated Dangote Refinery, asking if the excitement is justified if its fuel will be costlier than imported products.
The Nigerian petroleum marketers will be meeting with the Department of State Services (DSS) over the price of Premium Motor Spirit (petrol) and its availability.
The meeting is scheduled to hold on Wednesday.
The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN) disclosed this in an interview with Daily Post on Monday, noting that the meeting is about petrol pump price and its availability to oil marketers.
“Wednesday I have a meeting with the Department of State Services.
“It is about the petrol pump price. Anywhere IPMAN is involved it is about the issue of petrol and its availability to members,” he said.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) had in September raised questions regarding the widely celebrated Dangote Refinery, asking if the excitement is justified if its fuel will be costlier than imported products.
IPMAN National Welfare Officer, John Kekeocha, who made this known on Channels TV on Monday, noted that it didn’t make sense for the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol lifted from the Dangote Refinery higher than imported ones.
“If NNPC can sell Dangote products higher than the imported products then it doesn’t make sense. What is the celebration we are having all these while then?” he said.
NNPC Limited had released the estimated prices of Premium Motor Spirit (PMS), also known as petrol (obtained from the Dangote Refinery) at its retail stations across the country.
This was disclosed in a press statement issued by the state-owned company’s Chief Corporate Communications Officer, Olufemi Soneye.
The company emphasised that PMS prices are negotiated directly between parties and not set by the government, in line with the Petroleum Industry Act (PIA).
