IPMAN secures direct fuel supply agreement with Dangote Refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has entered a pivotal agreement with Dangote Refinery to source petroleum products directly, encompassing petrol (PMS), diesel (AGO), and kerosene (DPK).

This strategic collaboration, announced by IPMAN’s National President, Abubakar Garima, on Monday, promises a significant improvement in the reliability and affordability of fuel supply nationwide.

During a press briefing in Abuja, Garima detailed the outcome of a recent meeting between IPMAN’s leadership and Dangote Refinery executives in Lagos.

“After meeting with Aliko Dangote and his management team, we are pleased to announce that Dangote Refinery has agreed to supply IPMAN with PMS, AGO, and DPK directly for distribution to our depots and retail outlets,” Garima stated.

This agreement is poised to streamline the fuel distribution process across Nigeria, curbing reliance on intermediaries and mitigating operational costs. It also aligns with President Bola Tinubu’s economic revitalization agenda, which prioritizes strengthening local production and fostering job creation.

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Garima highlighted that leveraging domestic refineries such as Dangote’s would bolster economic growth and job opportunities while enhancing national energy security.

“IPMAN members should look to Dangote Refinery and Nigerian refineries for their white products, supporting President Tinubu’s renewed hope agenda,” he noted.

The move comes after months of deliberations and promises to transform Nigeria’s fuel landscape by increasing supply consistency and promoting fairer pricing.

Dangote Refinery, noted for being the largest refinery in Africa and Europe, has already commenced production of petrol, diesel, and aviation fuel. Under this new agreement, it plans to supply over 30,000 IPMAN members and 150,000 retail outlets nationwide.

The collaboration is expected to invigorate economic growth by ensuring a steady flow of petroleum products, fostering competitive pricing, and reinforcing local refining capacity, ultimately reducing pressure on the nation’s foreign exchange reserves.

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