Out of the 650,000 barrels per day, Dangote Petroleum Refinery has pegged a minimum of one million litres of Automotive Gas Oil (AGO) diesel for each marketer as it commenced sale of the product on Tuesday.
Independent Petroleum Marketers Association of Nigeria (IPMAN) National president, Alhaji Abubakar Maigandi, disclosed this to newsmen.
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He said: “The least volume a marketer can buy is one million litres. Even now as I dropped the call someone was telling me they wanted to start selling.”
He noted that there were strong indications that the refinery would commence the sale of the product on Tuesday.
Earlier, Bismarck Rewane, Managing Director at Financial Derivatives noted that the commencement of diesel sales from Dangote Refinery will force down the prices of diesel to below N1,000 per litre.