NewStats: 3,263,878 , 8,181,709 topics. Date: Sunday, 08 June 2025 at 01:35 PM 2k1a6y

Nigerians have been reassured by Abubakar Maigandi, National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), that negotiations with Dangote Refinery regarding a direct gasoline supply from its 650,000 barrel-per-day facility are proceeding smoothly and will soon come to a finish.

Reports state that Maigandi has acknowledged that talks with Dangote Refinery are still going on and expressed confidence that a deal will be reached soon.

Speaking on Wednesday at the task force’s inauguration in Abuja, Maigandi also mentioned that IPMAN had settled its pricing dispute with the Nigerian National Petroleum Company Limited (NNPCL) and was now concentrating on securing a partnership with Dangote. The task force is intended to monitor and prevent oil bunkering, pipeline vandalism, and other malpractices. Eyes Of Lagos reports,

We are happy to inform you the arrangements to remove gasoline directly from the Dangote Refinery are almost complete. We are already talking with Dangote and other partners to start direct product sourcing from the refinery now that we have received our money back from NNPCL, according to Maigandi.

He mentioned that the Department of State Services (DSS) Director-General’s participation led to the start of the current negotiations with Dangote Refinery.

The requisite import and off-take licenses for IPMAN have been directed to be issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Since the government completely deregulated the petroleum industry, oil marketers have pushed for direct loading from the Dangote plant.

However, concerns remain about the refinery’s capacity to meet local demand, leading to the possibility of supplementing with imported petrol.

Sources confirmed to The PUNCH that a meeting between oil marketers and Dangote officials earlier this week did not result in a final agreement. Another meeting involving IPMAN representatives is scheduled to take place in Lagos on Thursday to continue discussions.

During his remarks, Maigandi also reiterated IPMAN’s commitment to ing the government in combating economic saboteurs who undermine the nation’s resources.

He described the newly established task force as a crucial step towards addressing oil-related economic sabotage, which exacerbates the country’s economic challenges.

“Our association plays a pivotal role in the downstream oil sector, ing for more than 80% of the distribution chain. Therefore, we must tackle the issue of economic sabotage head-on. This task force, formed from across all 36 states, will work to clear the negative perception that some of our are involved in these unlawful activities. We are determined to hold all those responsible to ,” Maigandi added

https://eyesoflagos.com/2024/10/17/fuel-price-ipman-shares-latest-update-on-agreement-with-dangote/

The price of fuel might drop soon.

Good news

Good one

Salewa97:
The price of fuel might drop soon.

Good news

Don't expect any significant drop in price of fuel... NNPCL and the cabal have already compromise the pricing already... Till now nobody is aware the price they're selling crude to Dangote.

Call me when fuel return back to 190 per liter

If Dangote cannot come out openly to tell Nigerian his official selling price forget they are all scammers

Good. Things are falling in places

Good one

NNPC peeping through

Before believing that the price will come down, try to know the price of cement. Dangote is only interested in exploiting the masses through the highest possible means.

Salewa97:
The price of fuel might drop soon.

Good news

Dey play..

iluvdonjazzy:
Call me when fuel return back to 190 per liter

You will never receive any calls on that regard.

We are getting there gradually.

Let's be watching

All this Grammer what they are hiding is simple

NNPC would balance dangote the difference between his profitable price and the price he agreed to sale to PMAN

All this grammar , rigmaroling just to hide the obvious fact you pay subsidies?

iluvdonjazzy:
Call me when fuel return back to 190 per liter

I can do better, I will call you when it goes to free of charge. Mr. Freeloader.

Let me inform some people living in their own illusion up there...


Price of fuel will go up more than this. It will get to 2500 per Litre before mid next year... If u doubt this, make a bet.

Even if there would be a drop, it won't be a significant drop... Maybe a N50 slash

These people don't mean good for the masses

I promise you the entire country isn’t interested in this refinery anymore. We’ve moved on. You people can do whatever the Bleep you like with your petrol.

This country Na pure scam .... since they arrested and quizzes NLC president. . He had been mute

Only BUA can make a difference

ubest1:
If Dangote cannot come out openly to tell Nigerian his official selling price forget they are all scammers

If you are the business man..would you risk your business coming out to say something different from what the Government announced is the price of fuel even if it isn't?

ottajah:

If you are the business man..would you risk your business coming out to say something different from what the Government announced is the price of fuel even if it isn't?

that means is actually the Government wickedness vs the poor masses

ubest1:
If Dangote cannot come out openly to tell Nigerian his official selling price forget they are all scammers

Simple.

Good news. I believe that with Dangote, the sky is not even the limit.

May God bless Nigeria for ever!

ubest1:
If Dangote cannot come out openly to tell Nigerian his official selling price forget they are all scammers

I swear he will not do that because he is part of the problem though it seems to the ordinary man a part of the solution

why turning the discussion into long project?
This discussion shouldn't be more than 1 hour.
Nigerians are fond of unfruitful timeless discussions.
All of you are top management personnel, you know items to take-off from usual trans-alantic pms pricing, taxes/prices to reduce or completely take-off. Majorly Transportation cost and associated taxes should be off.

iluvdonjazzy:
Call me when fuel return back to 190 per liter

The question remains "can it ever happen?"

Reports state that Maigandi has acknowledged that talks with Dangote Refinery are still going on and expressed confidence that a deal will be reached soon.

To gullible Nigerians, they are no longer greedy marketers