The Independent Petroleum Marketers Association of Nigeria says over 30,000 of its members are set to buy Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery in bulk.
IPMAN also revealed that the price of petrol from the $20 billion Lekki-based plant was N940/litre and N990/litre when purchased using ships and trucks, respectively.
It was further gathered that the independent oil marketers might not import petrol again following the deal to begin direct lifting from the Dangote refinery.
Speaking to newsmen, IPMAN President, Abubakar Garima, said the pump prices of petrol at its retail outlets will drop following the agreement with the Dangote refinery to lift products directly from the plant.
On Monday, IPMAN agreed with the Dangote refinery to directly lift petrol, diesel, and other petroleum products.
This agreement follows months after the Nigerian National Petroleum Corporation suspended its plan to serve as the sole off-taker of petroleum products from the 650,000 barrels per day refinery.
The IPMAN president explained that the Dangote refinery had been obliged to allow marketers to lift PMS, AGO, and DPK directly for onward supply to their depots and retail outlets but did not reveal the price.