Other marketers begin petrol lifting from Dangote Refinery

Major petroleum marketers in Nigeria have begun lifting petrol from the Dangote Refinery following an agreement with the Nigerian National Petroleum Company Limited (NNPCL).

This new arrangement allows NNPCL to serve as the exclusive distributor of the petrol produced by the refinery.

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It was reported that several marketers, including 11 Plc, have started transporting the product to their outlets across the country, though they do so under the NNPCL’s current distribution framework.

While major marketers are benefiting from this arrangement, independent marketers have been left out.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed they are still waiting for new pricing from NNPCL to access the product.

They noted that they continue to lift fuel at the previous rate of N875 per litre while their pending orders with NNPCL are being processed.

Independent marketers are now exploring the option of importing petrol to compete with both NNPCL and Dangote Refinery.

They have called for the government to open the market fully to all players, allowing for a level playing field in the distribution of fuel.

Additionally, they have requested that the Port Harcourt Refinery be handed over to private operators for better management.

Meanwhile, there are concerns about transparency in the new fuel distribution process.

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The Centre for the Promotion of Private Enterprise (CPPE) has called for clearer details on pricing and the framework governing this new arrangement, urging the government and stakeholders to provide more information.