The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised questions as they claim that the price of petroleum products is cheaper from other sources other than Dangote refinery.
Due to this, the Association claims that it is only fair that their members go to cheaper sources.
The National Assistant Secretary of IPMAN, Yakubu Suleiman, disclosed this on Friday during an appearance on Arise News.
He also opined that Dangote is supposed to disclose the amount he plans on selling his product. With that information, the marketers can decide where to buy from as for now, the body can only advise its members to buy from where the product is cheaper.
He said, “Prices are determined by international pricing. Dangote is supposed to be saying like every day, ‘This is the price I’m going to sell this product’.
“But he cannot be able to do that unless he (Dangote) engages the stakeholders. And you cannot just say okay, we must only buy in his own depot.
“IPMAN cannot just sit down and say ‘We will tell our members, all of you go to Dangote Refinery and buy your product and load’. We cannot just do that. This is a deregulated system.
“We have to source where products are much cheaper. Then we would inform our members to go and load product in any depot that the product is cheaper.
“If Dangote has a product and is selling N1000, let’s assume, and there are other places that are selling N900. We can’t just say because for the sake we are doing business with Dangote, ‘Okay go and do it’. It’s not profitable to us. We must go where the price is lower; where we get profit. That is it.”
Continuing, the IPMAN scribe added, “We are in a deregulated economy but Dangote is like trying to monopolize the whole issue. Fine. Let us know if there is monopoly in the whole system. But we believe that it’s now deregulation.
“Like last week, Dangote’s price is higher than other places. Because if you can go by the price, the international price, crude has already started coming down.
“If I could remember, as of last week, he gave N995 per litre, and you have to bring your cargo and load. How much will you pay the cargo? How much will be the other charges to your depot? And how much will go to the depot? And we expect independent marketers to go and sell it. Can we go and sell? Look at we have to pity Nigerians.”
The hope of Nigerians concerning the price of fuel continues to diminish as the Dangote Refinery was seen as the light at the end of the tunnel
