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Raw material: more than 25 million liters of diesel distributed by retailers

18/06/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Independent retailers announced that they collected and distributed over 25 million liters of diesel, commonly known as diesel. This diesel was produced by the Dangote oil refinery in less than three months after the plant started marketing AGO

.

The Independent Association of Petroleum Traders of Nigeria, the Major Energies Marketers Association of Nigeria, and the Petroleum Products Retail Outlets Owners Association of Nigeria have confirmed the registration of their members with the Lagos-based refinery. They also confirmed the continued withdrawal of diesel from the facility and said that this has stabilized the price of the product and ensured its adequate supply since production began in March this year. The price of diesel collapsed from around 1,800 N/liter to 1,200 N/liter after the Dangote refinery launched the product on the Nigerian market at the end of March 2024, and since then the availability of the product has been guaranteed throughout the

country.

According to IPMAN National President Abubakar Maigandi, “they started supplying diesel to retailers since last week. They also promised to sell aviation fuel soon. Some of my members confirmed it to me after they made a purchase.”

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