By Ikugbadi Oluwasegun

Oil marketers have suggested a price of N550 per litre of petrol to Dangote.
Alhaji Abubakar Migandi Garima, President of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has said, “We have been discussing with Dangote Refinery. The discussion, centering on pricing, margins and other issues, is still ongoing.

“We have proposed that the lifting price should be N550 per litre in Lagos. The price of the product will differ from one part of Nigeria to another because of distance and cost of delivering petrol to different locations.

“We are currently waiting on Dangote Refinery to conclude and communicate the price per litre, so we can plan to lift the product when it comes on stream.

‘’We expect that the price of the locally refined petrol would be cheaper than imported petrol, due mainly to local availability of the bulk of its crude oil and removal of transportation cost.”