The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that Nigerians will be informed of the new fuel pump price by Wednesday.
This comes as negotiations between IPMAN and Dangote Refinery continue regarding the pricing strategy.
IPMAN revealed that all other issues were resolved during their Monday meeting with Dangote Refinery, and Nigerians will feel the impact in the coming days.
This information was shared by Yakubu Suleiman, National Assistant Secretary of IPMAN, during an interview on Arise Television’s Morning Show.
The announcement follows IPMAN’s agreement with Dangote Refinery to lift products directly. Suleiman emphasized that the discussions with Africa’s largest refinery focused on ensuring Nigerians get a cheaper petrol price, expressing concern over the current high rates.
He said: “We have had a good discussion about what the President of IPMAN stated about lifting directly from Dangote Refinery. We are fully ready to start lifting from Dangote.
“Dangote sat with the IPMAN President, and they had a very fruitful discussion. At the end of the day, we have now built a good synergy between the Independent Petroleum Marketers Association of Nigeria and Dangote Refinery.
“We are happy that with that meeting with Dangote Refinery, we have resolved all the nitty gritty. By the grace of God, very soon, within the next few days, Nigerians will feel the impact.
“The whole thing is centered around ‘how do we have a cheaper petroleum price.’ Like I said earlier in my former interview, it bothers us that Nigerians are buying at the higher rate.
“The discussion with Dangote is still ongoing. I believe between today and tomorrow we will finish on the issue of pricing.
“I want you to exercise patience. You must have heard what our IPMAN National President stated yesterday. So, between today and tomorrow, once the issue of pricing is finalized, Mr. President will come out to the public and inform the generality of Nigerians, ‘this is the price IPMAN has agreed with Dangote, and this is the price that we are going to sell in our retail outlets.’ Now, I want to assure you it’s going to be cheaper.”
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