The Nigerian National Petroleum Company Limited (NNPCL) has given permission to major petroleum marketers to start taking premium motor spirit (PMS), commonly referred to as petrol, from the Dangote Petroleum Refinery, as per the existing agreement between the two entities.…..For More READ THE FULL ARTICLE HERE ▶▶
Thank you for reading this post, don't forget to subscribe!According to the initial agreement, NNPCL is the exclusive distributor of the refinery’s petrol, with the first shipment amounting to 16.8 million liters handled by NNPCL’s retail division.
Reports from Vanguard reveal that several major marketers, including 11 Plc, have already begun distributing the product to their outlets in Lagos and other regions of the country.
One of the marketers who pleaded anonymity, said: “I can confirm that we have some major marketers already lifting from the Dangote Refinery, but it is still under the NNPC arrangement with the refinery, in other words, we are lifting NNPC product from the Dangote refinery. It is not our product. We have no direct arrangement with the refinery.”
However, Vanguard also discovered that independent marketers are not part of this revised setup.
In a phone interview with Vanguard, Alhaji Abubakar Garima, the National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), stated that only NNPCL has access to Dangote fuel, which they distribute primarily to their own retail outlets.
He further mentioned that they have not started purchasing from NNPCL under the Dangote Refinery agreement.
He stated: “Independent marketers are awaiting NNPCL to announce the new prices for petroleum products before they can make purchases. Currently, we are operating at the previous rate of N875 per litre, as many of our members still have stock with NNPCL. We have been informed that these stocks will be cleared this week.”
As part of the agreement that designated NNPCL as the exclusive buyer of petrol from Dangote Refinery, marketers have indicated that they may need to start importing fuel to remain operational.
Consequently, they have urged the Federal Government to fully liberalize the sector for all participants.
In the meantime, observations in Abuja and Lagos revealed that four days after NNPC commenced petrol loading from Dangote Refinery, many gas stations had not yet received supplies and were closed.
In an interview with Vanguard, Chief Chinedu Ukadike, the Public Relations Officer for the Independent Petroleum Marketers Association of Nigeria (IPMAN), stated that the association intends to begin importing their own petrol.
“The situation remains unchanged. We have been waiting for NNPC, but there has been no progress. We have learned that at least three marketers are importing products from abroad. This presents an opportunity for Dangote to collaborate with independent marketers.
“We are requesting that Dangote sell to us at the same price as NNPC. It’s unclear why he relies exclusively on NNPC for product distribution when there are other interested buyers.
“We are also looking at importing to keep our business. We are also asking the Federal Government to also hand over the Port Harcourt Refinery to independent marketers. We will engage capable people to manage it. That is the only panacea to this problem”, he added.…..For More READ THE FULL ARTICLE HERE ▶▶
