The Independent Petroleum Marketers Association of Nigeria (IPMAN) has agreed on a deal with Dangote Petroleum Refinery to lift petroleum products from the facility directly.

The agreement was announced by IPMAN’s National President, Abubakar Garima, at a press briefing on Monday, November 11.

Punch reports that IPMAN said the association will ensure the avalability of petroleum to Nigerians at a cheaper rate.

Nigerians pay around N1,100 to N1,300 per litre and hope the agreement will mean prices fall below N1,000.

Garima also revealed that with the agreement, IPMAN members will lift PMS, AGO and DPK directly for onward supply to IPMAN depots and retail outlets.

Guardian report added His words: "Following our recent meeting with Alhaji Aliko Dangote and his senior management team in Lagos, we are pleased to announce that Dangote Refinery has granted IPMAN permission to directly lift PMS, AGO, and DPK for distribution to IPMAN depots and retail outlets.

"This new arrangement with Dangote Refinery will ensure a continuous and reliable supply of PMS products across Nigeria, at affordable rates for all Nigerians." Regarding pricing, Garima expressed confidence that negotiations with Dangote would yield lower rates.

He added: “All IPMAN members are encouraged to fully support the Dangote Refinery, as it is the right course of action, given the significant benefits of backward integration and the long-term positive impact it will have on Nigeria's Foreign Exchange markets.

"IPMAN members across the country should depend on Dangote Refinery and other Nigerian refineries for their white products. This will not only create more job opportunities within Nigeria but also demonstrate strong support for President Bola Tinubu’s Renewed Hope Agenda."