The National Assistant Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, has revealed that purchasing Premium Motor Spirit (PMS), commonly known as petrol, is currently more economical through imports than acquiring it from the Dangote Refinery.
Suleiman highlighted that as of last week, the Dangote Refinery was offering PMS at a wholesale price of N995 per litre.
He made these remarks during an interview with Arise TV on Friday, November 1.
He stated: “Dangote’s price is more higher than other place. As at last week, Dangote gives at N995/litre and you have to bring your cargo to load.
“How much will you pay the cargo? How much will you pay other charges to your depot? We have to pity Nigerians.
“The Independent Petroleum Marketers Association of Nigeria (IPMAN), are trying their best to salvage this country at this particular time when people are suffering.
“So let us go for products that are cheaper that when we sell it to the people, the people appreciates. Most people don’t understand the whole dynamics that is going on at the moment.
“So when we go and buy the higher price we come and sell it as higher as what people are not expecting and they’ll start calling ‘IPMAN’. We are tired.
“If people understand the dynamics they will have praised IPMAN, because we are truly patriotic to Nigerians.”
