₦airaland Forum

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.

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.”

G0Oodharddick:
There's no such thing as pity in tinubu's dictionary!

However, I'm more concerned with the rate at which the female child poisons their ex boyfriends and father! When we tell some idiots to aviod women Who still communicates with their ex, some people will think we're joking! You'll hear such girls say "he's just my ex but we still talk" we're ex, not enemies" etc. Ur death is near if you don't run.

In conclusion, no dey give women your money again. If she's not spending financially on you too in that relationship, it's obvious you're dating yourself. If all she could give you in return is sex then you're a dating a prostitute who has nothing valuable to offer. Take care of yourself as a man. Eat healthy and hit the gym. This is just a day to remind you that if your girlfriend was in your shoes, she wouldn't date you

criuze:
Thought we're talking about fuel now

This is a typical example of how the government displaced priorities

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.

Maxymilliano:
With all fees associated with imported petrol

Golan007:
You believe the importers?

If Dangote starts empowering younger people with filling stations which he supplies directly, you would see how they would be panicking.

Tochi3:


..BATist..what type of thinking is this..?
..how is it possible for any human to come up with such logic..?

..from where did you process this issue before dropping it..

..with every plausible reason as to maybe a solution..this is what your capacity to think can come up with..

. BATists..



..

Golan007:
I know you cannot think.

The issue is about subsidies, which several middlemen have been feeding fat on for generations.

Unfortunately, the common man suffers, because there is no direct way to feed them.

The solution might be to setup Dangote filling stations across the country, which would definitely remove the position of the middle man.

Godfullsam:
Still wondering how the price of ported products can be higher than the price of locally produced fuel.

Dangote should reduce the cost of his product below the imported fuel or face boycott by marketers.

Simple!

Tochi3:


..