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HomeNewsOil Marketers Discuss N550/Litre Petrol Price with Dangote Refinery

Oil Marketers Discuss N550/Litre Petrol Price with Dangote Refinery

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) is in discussions with Dangote Refinery regarding the pricing of petrol, with a proposed rate of N550 per litre in Lagos.

President Alhaji Abubakar Migandi Garima highlighted that the pricing would vary across regions due to logistical costs.

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Garima emphasized the potential cost advantages of locally refined petrol over imports, citing reduced transportation expenses and access to domestic crude oil.

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The ongoing negotiations aim to finalize pricing, margins, and other operational aspects before the refinery’s operations commence.

 

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