The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said that the full deregulation of petrol pricing, along with the withdrawal of Nigerian National Petroleum Corporation Limited NNPCL as the sole off-taker of petrol from the Dangote Refinery, means that marketers are now free to source products from various suppliers, including through imports.
The Public Relations Officer, IPMAN, Chinedu Ukadike, says marketers will source their products from wherever they feel is cheaper.
Ukadike says that the current business environment in terms of petrol pricing is shrouded in secrecy with marketers not adequately informed about decisions before they were taken.
It will be recalled that IPMAN President, Abubakar Shettima, demanded a refund of N15 billion from NNPC Limited for petrol orders placed by independent marketers but were not supplied.