IPMAN announces petrol price at N935 per litre
According to the most recent agreement with the Dangote Petroleum Refinery, the Independent Petroleum Marketers Association of Nigeria has announced that gasoline will start selling for N935 per litre on Monday (today).
Maigandi Garima, the national president of IPMAN, stated that the uniform arrangement and the decrease in the ex-depot price of fuel at the Dangote refinery will allow marketers to sell at N935 in their outlets across the country, with a N36 logistical cost.
“Dangote refinery has brought another new arrangement of loading and pricing by which marketers would pay a fixed ex-depot price of N899.50k.
“The refinery is running a programme whereby it wants the fuel consumption across the country to be at the same rate. We are expecting the new arrangement to kick-start on Monday. Previously, the loading price was N970 per litre, but from Monday, petrol prices will drop to N935,” Garima stated.
The union added that once the ex-depot price of the commodity was lowered to N899 per litre, more than 30,000 of its members are scheduled to start loading fuel from the Dangote Petroleum Refinery and the Port Harcourt Refining Company.
This occurred when it was noted that the price of gasoline at several filling stations in Lagos, including MRS, BOVAS, and NNPC, decreased on Sunday to between N950 and N980 per litre. In many other stores in the state, however, the price per litre was more than N1,000.
However, IPMAN pledged on Sunday that the price will continue to decline, stating that, due to the new arrangement at the Dangote refinery, the price of fuel would drop to N935 per litre in more filling stations by Monday (today).
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