Mary Onyia
Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria are set to meet Tuesday and Wednesday to finalise arrangements on the cost of lifting of petrol from the plant.
Dangote Refinery had demanded IPMAN to put in its request for petrol lifting.
The Federal Government had earlier granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited.
The Minister of Finance and Chairman of the Naira-crude sale implementation committee, Wale Edun, had in a statement, said, “Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency.”
IPMAN has reportedly described the planned agreement with the Dangote refinery as necessary in the effort towards facilitating the lifting of petroleum products in addition to ensuring the efficiency of the country’s fuel supply chain.