According to the Nigerian Independent Petroleum Marketers Association, the cost of gasoline from the Dangote Refinery was N940 per liter when bought by ship and N990 per liter when bought by truck.
At the same time, the association disclosed that more than 30,000 of its members are prepared to purchase gas, also known as Premium Motor Spirit, in large quantities from the $20 billion plant located in Lekki.
In the wake of the agreement to start direct lifting from the Dangote refinery, independent oil marketers may decide to stop importing gasoline.
Following the arrangement with the Dangote refinery to lift products straight from the plant, IPMAN President Abubakar Garima stated on Channels Television on Tuesday that the pump costs of gasoline at its retail outlets will decrease.
The IPMAN national officer provided an update on pricing during the interview, stating that the Refinery has given marketers two different tariffs depending on their preferences.
According to him, marketers can load at the gantry for N990 per liter or N940 via vessel transportation.
According to Garima, we currently have two separate arrangements for purchasing fuel from the refinery. We are able to load the vessels and transport them to our several depots at a price of N940 per liter. Then, the price per liter for the depots is N990.
We have to pack it and transport it to a different area of the state, which makes a difference. We transport these goods in vessels, while another one is used to load goods from the gantry.
Because there isn’t a Dangote loading gantry at Port Harcourt, Warri, or Calabar, we must employ vessels to transport the drug to our private depot, where it will be discharged and distributed to our members.
The new price, according to reports, is less than the N960 and N990 per litre that the refinery advertised for trucks and ships last week.
The partnership intends to guarantee a steady and reasonably priced supply of Premium Motor Spirit and other products across the country, according to Garima.
Depending on where you buy it, he also predicted that the price of gasoline might drop by N50 or more.
IPMAN and the Dangote refinery reached an agreement on Monday to directly lift petroleum products, including gasoline and diesel.
This arrangement comes months after the Nigerian National Petroleum Corporation halted its intention to be the refinery’s only off-taker of petroleum products, with a capacity of 650,000 barrels per day.
The IPMAN president clarified that the Dangote refinery was required to permit marketers to directly lift PMS, AGO, and DPK for subsequent delivery to their depots and retail locations, but he did not disclose the cost.
