IPMAN confirms discussion with the dangote refinery for a possible direct lifting of petrol.

Oil dealers are certain of a drop in prices of Premium Motor Spirit (PMS) or petrol once they start direct lifting of products from the Dangote Refinery.

The declaration came after a rise in prices of products following the start of product lifting by the state oil company, NNPCL from Dangote Refinery.

Prices of petrol had shot up to ₦950 per litre in Lagos state and its environs, while consumers in the north pay as much as ₦1000 per litre for the product.

However, the Spokesperson for the Independent Petroleum Marketers Association of Nigeria

He stated, “It is just very simple. It shows that the libralisation of the market is on course, because there is no way Dangote refinery will be producing petrol in Nigeria without considering IPMAN as one of its strategic stakeholders.

“We were even thinking that one of his first points of call was to discuss with IPMAN and not NNPCL, because we can distribute every single drop of products produced by Dangote refinery because we are situated in every nook and cranny of this country. We also possess about 85 per cent of filling stations in Nigeria.