Marketers Shift To Dangote Refinery As Petrol Depot Price Hits N950/ltr

Say market forces will determine pump price

By Mariam Eko

THE IndependentMarketers 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, Mr. 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.