Dangote Economical With Truth, Marketers Spend Days At Refinery Over Inability To Load Petrol ----- IPMAN
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has expressed concern over the inability of its members to load petrol from the Dangote Refinery in Lagos even after payment of over N40 billion to the Nigerian National Petroleum Company Limited, NNPCL.
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has expressed concern over the inability of its members to load petrol from the Dangote Refinery in Lagos even after payment of over N40 billion to the Nigerian National Petroleum Company Limited, NNPCL.
IPMAN President, Abubakar Garima, spoke on Channels Television’s Sunrise Daily programme on Wednesday, and further expressed surprise that the owner of the $20 billion refinery Aliko Dangote alleged that marketers were boycotting his refinery for imported petrol.
His words, "We have over N40 billion in outstanding debt with the NNPCL. I was surprised when Dangote said he has over 500 million liters of PMS.
The IPMAN president further noted that his members were not importing petrol, as claimed by Dangote Refinery, adding however, that rather than get Dangote petrol through the NNPCL, the private refinery should register independent petrol marketers directly for smooth loading of the product.
According to Fatima, “If he (Dangote) can sell the product to us directly, we can buy the product, because we have to pay before we pick. Presently, we have N40 billion under the NNPCL custody but we cannot source the product.
“Just of recent, there were some of my marketers that NNPCL sent to load in Dangote refinery and those marketers stayed with their trucks for four days, and they couldn't load."
Proprietor of Dangote Refinery, Alhaji Aliko Dangote held a meeting with President Bola Tinubu on Tuesday in Abuja and told reporters that he had over 500 million litres in tanks at his refinery but noted that marketers were not patronising his facility.
But, Garima said IPMAN, with over 20,000 members in the country, had N40 billion paid upfront with the NNPCL and still couldn’t load the product from the private refinery.
Garima further said Nigerians would see a reduction in the pump price of petrol if Dangote Refinery let independent marketers lift the product directly like the NNPCL.
‘Check Your Price’
The IPMAN president also urged Dangote to check the price of his commodity if marketers importing petrol were actually boycotting his product.
“Since he (Dangote) says marketers are not buying his product, he should check his price properly. Is it higher than what they are obtaining outside or is it the same rate? Then if marketers buy this product through him, how long will it take for it to reach their depots? That one too is a factor,” Garima added.
He, also, pointed out that, there was nothing wrong if marketers outside his organisation decided to sell imported products but Dangote “should go and review and check how much they are selling outside.”
Nigerians are grappling with the weight of unprecedented food inflation, and energy prices which have quadrupled in the last year under the Tinubu administration. Specifically, the price per litre of petrol jumped from less than N200 to over N1, 150.
Many Nigerians including experts have blamed the twin policies of petrol subsidy removal and unification of forex rates for the high living costs that have assailed the middle class, many of whom have abandoned their cars for public transportation. (Source: Channels TV)
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