Crude price: IPMAN does not trade with us directly — Dangote
The Dangote Petroleum Refinery has stated that it does trade directly with the Independent Petroleum Marketers Association of Nigeria (IPMAN) for purchase of refined petroleum products.
The Refinery management in a statement yesterday was responding to a claim by the Association that the Dangote refinery pricing was responsible for the low patronage from marketers.
The Refinery replying noted that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for purchase of any petroleum product.
It further added that it has ongoing discussions with the association which have not been concluded.
“Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from our Petroleum Refinery, as we currently have no direct business dealings with them. Consequently, we cannot be held responsible for any payments made to other entities.”
“The payment in mention has been made through the Nigerian National Petroleum Company Limited (NNPCL), and not us. In the same vein, NNPCL has neither approved, nor authorised us to release our Premium Motor Spirit (PMS) to IPMAN.”
“We would like to emphasise that we can meet the nation’s demand for all petroleum products, including petrol, diesel, and aviation fuel. At present, we can load 2,900 trucks per day and we have also been evacuating petroleum products by sea. We advise IPMAN to register with us and make direct payment as we have more than enough petroleum products to satisfy the needs of their members.
“Furthermore, we believe it is instructive for all stakeholders to refrain from making unfounded statements in the media, as that could undermine the economic reengineering efforts of His Excellency, President Bola Ahmed Tinubu. Conducting business through public speculation is counterproductive and unpatriotic.
“In the interest of our country, we encourage all stakeholders to collaborate and heed the advice of President Tinubu, while promoting a unified approach, rather than engaging in media conflicts and needless propaganda,” the statement read.
