New Fuel Prices Expected as Marketers Reaches Agreement With Dangote Refinery [Video]

• Oil marketers have reached an agreement with Dangote refinery for the direct purchase of petroleum products
• The agreement means that NNPC Limited will no longer serve as an intermediary in the purchase and sale of Dangote petrol
• Nigerians will be hoping that the agreement will mean a reduction in the price of fuel at filling stations

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced an agreement with Dangote Refinery to purchase premium motor spirits (petrol), diesel, and other refined products directly.

Abubakar Garima, IPMAN National President, disclosed the deal after the Association’s National Working Committee meeting on Monday, November 11, in Abuja.

For weeks, oil marketers and the Dangote refinery have been in a war of words …