EconomyMarketers optimistic of lifting Dangote petrol directly as scarcity persists

Marketers optimistic of lifting Dangote petrol directly as scarcity persists

Date:

Share post:

- Advertisement -

By Obas Esiedesa

MARKETERS have expressed optimism that they would be able to lift premium motor spirit (also known as petrol) directly from Dangote Refinery as scarcity of the product persists across the country.

Checks around Abuja, yesterday, showed most retail outlets were still without the product three months after the current shortages began.

Speaking to Vanguard, the Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, IPMAN, Chief Chinedu Ukadike, explained that the marketers were optimistic about reaching an agreement that would allow them to get supply directly from the $20 billion refinery.

- Advertisement -

Chief Ukadike disclosed that a meeting has been scheduled this week between the independent marketers and officials of the refinery.

He said: “There is a meeting scheduled for this week between Dangote and IPMAN. We are happy that Dangote has set on a new course in terms of looking to other stakeholders to distribute its products.

”It is now distributing to major marketers and we are hopeful that with time it will start distributing to independent marketers.

“For the refinery to also start distributing through the coastal areas with vessels is a good move. This will remove the ghost scarcity that has persisted for a long time. Once it takes off effectively, ghost scarcity will be gone.”

He noted that pricing remains a big issue in the distribution of petrol, stressing that independent marketers have to lift the product at a price that would allow them to be competitive.

Speaking on the N766 per litre supply to major marketers, Ukadike said: “It’s not a good price now but I must tell you that supply will determine price. Deregulation is all about competition and the factors of demand and supply come to play. When the product is enough within the country, the price will go down.” (Punch)

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

NNPCL supported Dangote refinery establishment with $1bn loan – Official

By Damilola AinaThe Nigerian National Petroleum Company Limited, (NNPC) has said it secured a $1bn loan backed by...

Major Marketers Suspend Petrol Import, Now Source from Dangote Refinery

By Peter UzohoMajor Energies Marketers Association of Nigeria (MEMAN) says its members have of late relied on Dangote...

‘Good for your vehicles’ — Dangote refinery advertises petrol in push for patronage

by Bunmi AdulojuThe Dangote Refinery has put out a piece of advertisement asking customers to buy “high quality...

Port Harcourt Refinery: Prices of petroleum products will come down – NMDPRA boss

The Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Authority, Farouk Ahmed has said the commencement of operations...

7 things to know about CBN’s credit card

The Central Bank of Nigeria (CBN) on Monday launched the deployment of the National Domestic Card Scheme in...

Putting the PSC Act Amendment in Perspective By Waziri Adio

On Tuesday, October 29, the House of Representatives concurred with the Senate in amending the law governing the...

Consistency in governance will boost development of power sector –Engr Anyaeji

Weight down by many issues, many people and institutions, especially still doubt the future of the nation’s power...

Thousands May Lose Their Jobs As British Steel Collapses

British Steel collapsed on Wednesday after the government said last-ditch talks with its owners failed to secure a...