FG should provide intervention to Dangote Refinery to reduce Fuel price – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Federal Government to intervene in the commercial operations of the Dangote Petroleum Refinery to help bring down retail petrol prices across the country. IPMAN National President Abubakar Maigandi made the call following a fresh surge in retail pump prices, which rose to between 1,310 and 1,345 per liter in Abuja and surrounding regions. The domestic price increase followed upward adjustments in gantry and ex-depot petrol prices by the Dangote Refinery and private depot operators. Speaking on the developments, Maigandi urged the Federal Government to broker a pricing agreement with domestic refining facilities, stressing that targeted state support in the downstream sector differs from a blanket subsidy regime. "We are appealing to the Federal Government to broker a deal with Dangote Refinery to reduce fuel prices," Maigandi said. "The government should intervene with Nigerian refiners, and this will lead to a reduction in fuel prices. It is different from fuel subsidy. In a situation where there is difficulty, the government should step in." IPMAN maintained that strategic government engagement with domestic refiners remains essential to stabilizing pump prices, absorbing external crude market shocks, and easing energy costs for consumers and businesses nationwide.  The post FG should provide intervention to Dangote Refinery to reduce Fuel price IPMAN appeared first on Linda Ikeji Blog.