The Independent Marketers Association of Nigeria, IPMAN, said it has shifted loyalty to the Dangote Petroleum Refinery as the depot price of Premium Motor Spirit, PMS, also known as petrol rose by 4.7 per cent to N950 per litre, from N907 last Friday.
The development is driven by the high cost of crude oil, which rose to $80 per barrel this week from $73 per barrel last week.
Confirming the shift in loyalty in an interview with Vanguard, yesterday, the Public Relations Officer of IPMAN, Chinedu Ukadike, said: “We have encouraged our members to buy from Dangote Refinery. We cannot continue to depend on depot owners to buy our products, especially when we can buy directly from the refinery.
“The minimum quantity to buy from Dangote Refinery is two million litres at N909 per litre. We can also buy from MRS, which also distributes Dangote refinery petrol.”
Similarly, the National President, IPMAN, Garima, said: “Our members still buy from the Nigerian National Petroleum Company Limited, NNPCL at N899.50 per litre. For now, the portal to purchase the product is closed. We buy a high volume of product from Dangote/MRS arrangement as it is cheaper.”
