The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finalized a direct supply agreement with Dangote Refinery, a strategic move expected to make fuel more affordable and accessible across Nigeria. IPMAN President Abubakar Garima announced the deal at a briefing in Abuja, highlighting it as a breakthrough for petroleum product distribution.

Garima explained that IPMAN members would now have a reliable supply of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK) from Dangote Refinery’s extensive output, benefiting IPMAN’s vast depot network and retail outlets. “Following our productive discussions with Aliko Dangote and his team in Lagos, IPMAN members can look forward to consistent access to white products, which will support job creation and align with President Bola Tinubu’s economic growth objectives,” he stated.

Earlier this month, IPMAN expressed concerns over high transport costs linked to obtaining fuel from Dangote Refinery, which had led some marketers to seek alternatives. The new agreement addresses these issues by enabling direct supply and reducing intermediary expenses.

In a further development, IPMAN is negotiating with the presidential initiative on Compressed Natural Gas (CNG) to facilitate a smooth transition to CNG refill stations nationwide, reinforcing its commitment to efficiency and economic progress in the energy sector.

Dangote Refinery pledged to serve IPMAN’s 30,000 members and 150,000 retail outlets with a steady product flow, countering claims of access barriers. The refinery clarified that previous limitations were due to indirect transactions through the Nigerian National Petroleum Company Limited (NNPCL) but encouraged IPMAN members to register directly for seamless access. This partnership marks a new era aimed at stabilizing fuel prices and enhancing the efficiency of Nigeria’s petroleum industry.