Find out more as petrol price to crash as Dangote, marketers sign deal

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IPMAN says petrol prices could drop below N800 per litre following a new direct purchase agreement with Dangote RefineryThe association said independent marketers will no longer rely heavily on private depot owners, helping to lower fuel costsThe development comes as the federal government urges marketers to reflect falling crude oil prices in pump prices

Legit.ng journalist Dave Ibemere has experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed optimism that petrol prices may crash below N800 per litre following a direct purchase agreement with the Dangote Petroleum Refinery.

Abubakar Maigandi Shettima, the National President of IPMAN, said this in Abuja on Monday, July 6, describing Dangote Refinery’s decision to commence direct sale of petroleum products to independent marketers as a paradigm shift in the downstream petroleum sector

FG sends message to Dangote, fuel marketers on