URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Ogbomoso: Why Soun’s Feud With  Chief Imam is Threatening Peace-Muslim Community
    September 5, 2024
    How Tambuwal’s Aide Languishes In Custody For Criticizing Sokoto First Lady For Allegedly Spraying Dollars
    September 17, 2024
    Election Updates; How PDP Stands, Win Four Out of Six Announced Results
    September 22, 2024
    Latest News
    It may be of Significance retaining His Lagacy’-Oshiomhole Advises Jonathan Over Speculative 2027 Ambition
    October 6, 2025
    He Never Complained of Inheriting Challenges- UN Deputy Sec Gen, Amina Mohammed, On Tinubu
    October 5, 2025
    Not Quicksand, We’re Building Nigeria’s Economy On Concrete-Tinubu
    October 1, 2025
    While Bandits Take Over Kwara, Onanuga is Busy Attacking Jonathan-Rufai Oseni
    September 30, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: Why IPMAN Dumps Fuel Import For Dangote Petrol
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Business > Why IPMAN Dumps Fuel Import For Dangote Petrol
Business

Why IPMAN Dumps Fuel Import For Dangote Petrol

urbanexpresslive
Last updated: November 11, 2024 7:54 pm
urbanexpresslive
Share
3 Min Read
SHARE

Taiwo Popoola

The Independent Petroleum Marketers Association of Nigeria, IPMAN, directed all its members to lift Premium Motor Spirit, PMS, exclusively from Dangote Refinery and Petrochemicals Company to crash prices.

The National President of IPMAN, Abubakar Maigandi, disclosed on Monday at a press conference in Abuja.

Accordingly, this move, which puts an end to IPMAN’s previous plans to engage in the importation of petroleum products, is expected to strengthen the nation’s supply chain for refined products and ensure a more stable and affordable fuel market across Nigeria.

With the development, IPMAN members will directly receive PMS, Automotive Gas Oil, AGO (also known as diesel), and Dual Purpose Kerosene, DPK, directly from the Dangote Refinery for distribution to depots and retail outlets nationwide.

“The Dangote Refinery has obliged IPMAN to lift PMS, AGO, and DPK directly for onward supply to IPMAN depots and retail outlets,” Maigandi explained. “This arrangement will ensure steady and seamless supply of petroleum products all over Nigeria at an affordable rate for all Nigerians.”

He also lauded Aliko Dangote, the President of the Dangote Group, for fostering a collaborative relationship between the refinery and IPMAN, emphasising the long-term benefits of supporting local refineries. Maigandi called on all IPMAN members to support this initiative, noting that it aligns with the government’s economic vision and strengthens Nigeria’s foreign exchange position. He further underscored the importance of local refining in creating jobs, boosting the economy, and ensuring national self-sufficiency in petroleum products.

“All IPMAN members should fully support the Dangote Refinery, as it is the ideal thing to do considering the monumental benefits of backwards integration as a medium for the long-term impact it will have on the foreign exchange market in Nigeria,” Maigandi continued.

“IPMAN members should rely on Dangote Refinery and other Nigerian refineries for products, as this will translate to more job opportunities in Nigeria as well as signify total support for President Bola Ahmed Tinubu’s renewed agenda.”

The development has brought an end to the controversy between oil marketers and Dangote Refinery over fuel prices in the last few days.

Dangote Refinery last week revealed that its gasoline is sold at N960 and N990 per litre for ships and trucks.

Earlier, IPMAN had insisted that imported fuel is cheaper than Dangote’s petrol.

This comes as Nigerians buy petrol between N1,060 and N1,200 across filling stations in the country.

You Might Also Like

CBN Offers 50bn Payoff Plan As It Retries 1,000 Employees

Naira Appreciates As Dollar Supply Drops At Foreign Exchange Market

Real Reason Smuggling Petrol from Nigeria Persists-Custom

How Naira Dropped Against Dollar at Official Window, Stable At Black Market

Former President Jonathan Gets 2025 Sunhak Peace Price

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Real Reason VAT Proposal Is Generating Controversy-Oyedele, Tax Committee Chair
Next Article How My Ex Made Me Gold Digger-Actress Sarah Martins
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

2026 WCQ: Sales of Tickets Begin in Lesotho As Preparation For Super Eagles Begins
Uncategorized October 8, 2025
EPL:  They’ll Defeat Them-Paul Scholes Predicts Winner of Liverpool Vs Man Utd
Urban Sports October 8, 2025
Why Eagles Can Still Secure 2026 World Cup Ticket-Mikel
Urban Sports October 8, 2025
After Missing Three Drug Tests, Conor McGregor Banned From Fighting At White House
Urban Sports October 8, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account