Dangote to supply 240m litres of Petrol to IPMAN monthly

GistReel

Dangote Refinery has entered an agreement to supply 240 million litres of petrol to the Independent Petroleum Marketers Association of Nigeria (IPMAN) monthly.

The Refinery is expected to supply the Independent marketers with 60 million litres of petrol weekly which translates to 240 million litres at the end of each month.

The deal was made public by the IPMAN National Publicity Secretary, Chinedu Ukadike during an interview with Journalists on Sunday.

According to Ukadike, the development is part of the recently signed agreement with Dangote to lift PMS directly from the refinery without a middleman.

He further explained that IPMAN members will begin lifting fuel on a weekly basis from the refinery depending on patronage from this month (November).

He said, “We are going to off-take the product in millions of litres. Before now, most of the imported products in Nigeria were distributed through IPMAN. So we can off-take the products, no matter the millions of litres that are produced. We can take from 10 million litres and above and Dangote has offered to give us over 60 million litres depending on our patronage. The 60 million litres is to be given weekly. And we can take and distribute it across the country once we start lifting the product from the refinery.

“We are finalising discussions. You know the meeting between IPMAN and the Dangote refinery was held last week and documentation is in process. So, there are still a few pieces of documentation that we are doing now. Once they are sorted, we will off-take PMS from the plant. This is going to happen before the end of this month. The Dangote Group has assured us that even if we want to start taking products from today, we should start.”