The Independent Petroleum Marketers Association of Nigeria (IPMAN) has vowed to continue importing petrol if the prices offered by the Dangote Refinery are higher than the current landing cost of imported fuel.
According to IPMAN’s National President, Mr. Abubakar Maigandi, the current landing cost of imported petrol stands at approximately N1,120 per liter. If the Dangote Refinery’s prices exceed this, marketers will opt for imports to remain competitive.
IPMAN also expressed concerns over the delay in announcing the price of PMS produced by the Dangote Petroleum Refinery, which is expected to commence operations soon.
In response, the Nigerian National Petroleum Company Limited (NNPC) spokesperson, Mr. Olufemi Soneye, stated that the company will only purchase petrol from Dangote if it is cheaper than international alternatives. He emphasized that NNPC is not mandated to serve as the sole distributor for domestic refineries.
