The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Friday said that the price of fuel from Dangote Refinery, as of last week, was higher than the price of the product from other sources.
IPMAN said members must go where the price is lower and where they get profit, adding that they have to pity Nigerians. Yakubu Suleiman, National Assistant Secretary of IPMAN , stated this on Friday while fielding questions on Arise Television's Morning Show programme. Suleiman argued that prices of petroleum products are determined by international pricing, insisting that Dangote is supposed to be disclosing the amount he's going to sell his product.
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.
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