By Editor
IPMAN: Dangote refinery’s petrol price higher than other sources
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is more expensive to buy premium motor spirit (PMS), also known as petrol, from the Dangote Petroleum Refinery than other places.
Yakubu Suleiman, national assistant secretary of IPMAN, spoke on Arise Television’s Morning Show programme on Friday.
Suleiman said members go for more affordable options at other depots across Nigeria than the high logistical costs associated with buying petrol from the Dangote refinery.
“If Dangote has a product selling for N1,000, let’s assume, and there’s another place selling for N900, we can’t just say, for the sake of our relationship with Dangote, that we’ll instruct our members to buy there. We must go where the price is lower, where we’ll get profit,” he said.
“As of last week, Dangote’s price was higher than other places.
“Crude prices are coming down internationally, but Dangote’s rate was N995 per litre, and you have to arrange for your own cargo and loading. With additional costs for transport and depot fees, how can we sell it at the final outlet?
“We have to pity Nigerians. IPMAN is trying its best to support the country, especially at this difficult time when people are suffering. We want to source cheaper products to sell at affordable prices for the people.
