ADVERTISEMENT

Marketers plan petrol importation to compete with NNPC, Dangote

News Express |19th Sep 2024 | 649
Marketers plan petrol importation to compete with NNPC, Dangote

IPMAN logo




With the deal making NNPC Limited the sole off-taker of petrol from Dangote Refinery effectively locking them out of the supply chain, marketers have said they may have to resort to importation in order to continue in business.

Marketers have therefore asked the Federal Government to completely open up the sector to all players.

Checks around Abuja yesterday showed that three days after NNPC began loading of petrol from Dangote Refinery, filling stations were yet to be supplied with the product.

Speaking the Public Relations Officer, Independent Petroleum Marketers Association of Nigeria (IPMAN), Chief Chinedu Ukadike said the group plans to begin importing their own petrol.

“There has been no progress in the situation. We have been waiting for NNPC and nothing has changed. We have information that at least three marketers are bringing in products from outside of the country. This is Dangote’s chance to work with independent marketers.

“We are asking Dangote to sell to us at the same price as NNPC. We don’t understand why he has to depend solely on NNPC to distribute its product when he has other willing 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. (Vanguard)




Comments

Bashir Muhammad Bobbo

19th, Sep, 2024

The Government is not fair to the common man no the country and the future of petroleum industry. Insisting that NNPC should be the sold buyer is a destruction just like the middle men do in our local markets or even worse.

Post Comment

Monday, September 15, 2025 7:17 AM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025