According to information released by the Independent Petroleum Marketers Association of Nigeria, the cost of gasoline from the Dangote Refinery was N940 per liter for ships and N990 per liter for trucks.
The union further disclosed that more than 30,000 of its members are prepared to purchase Premium Motor Spirit, also known as gasoline, in large quantities from the $20 billion facility located in Lekki.
It is anticipated that the independent oil marketers may stop importing gasoline after the agreement to start direct lifting from the Dangote refinery.
IPMAN President Abubakar Garima stated on Channels Television on Tuesday that the partnership with the Dangote refinery to import goods straight from the plant will result in lower gas pump pricing at its retail locations.
During the interview, the IPMAN national officer presented an update on pricing, stating that the Refinery has offered marketers two different rates depending on their preferences.
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According to him, marketers might pay N990 per liter or N940 via vessel transportation to load at the gantry.
“We currently have two different arrangements on how to buy fuel from the refinery,” Garima stated. At a price of N940 per liter, we may load the vessels and transport them to our several depots. After that, it costs N990 per liter for the depots.
The reason for the difference is that we need to load and transport it to a different area of the state. These products are transported by vessels, and another one is loaded from the gantry.
“There is no Dangote loading gantry in Port Harcourt, Warri, or Calabar, so we have to use vessels to transport it to our private depot, discharge it, and distribute it to our members.”
Repor claims that the new price is less than the N960 and N990 per litre that the refinery disclosed last week for trucks and ships.
According to Garima, the partnership intends to guarantee a steady and reasonably priced supply of Premium Motor Spirit and other goods across the country.
He also predicted that, depending on where you buy it, the price of gasoline would drop by N50 or more.
The Dangote refinery and IPMAN reached an agreement on Monday to directly lift gasoline, diesel, and other petroleum products.
The Nigerian National Petroleum Corporation halted its ambition to be the exclusive off-taker of petroleum products from the refinery, which produces 650,000 barrels per day, months prior to this arrangement.
The IPMAN president revealed that the Dangote refinery had been obligated to allow marketers to lift PMS, AGO, and DPK straight for onward supply to their depots and retail outlets but didn’t specify the pricing.
