Marketers yet to lift Dangote petrol from NNPC over price

Marketers yet to lift Dangote petrol from NNPC over price

BUSINESS DAY

Marketers are yet to access petrol lifted on Sunday by the Nigerian National Petroleum Company (NNPC) from Dangote Petroleum Refinery, BusinessDay has learnt.

Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN), on Tuesday, said unresolved pricing issues are among the major reasons why its members are yet to lift Dangote petrol from NNPC.

Abubakar Maigandi, national president of IPMAN, highlighted that despite the refinery’s capacity to produce petrol locally, marketers remain unable to access the product due to a lack of agreement on pricing, leaving the fuel supply chain in a state of uncertainty.

“We have not been supplied petrol from Dangote Refinery as we wait for the NNPC on pricing,” he said.

Mohammed Lawal, a petroleum dealer attached to one of the biggest downstream firms, said markets are yet to get the green light from NNPC for Dangote petrol three days after lifting product from the 650,000-barrels per day (bpd) refining capacity.

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