The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the new Dangote refinery will address fuel shortage and price hikes in the country.
Chairman of IPMAN, Enugu Community depot in charge of Anambra, Ebonyi and Enugu states, Chinedu Anyaso, stated this in an interview with the Newsmen in Awka, the State capital, on Monday.
The 18.5 billion dollar Dangote refinery with 650, 000 barrel production capacity was inaugurated by President Muhammadu Buhari on Monday.
Anyaso envisaged an initial increase in pump price, but said it would decrease in the long run.
The IPMAN chairman urged the Federal Government to revive its four refineries and optimise their production to support what Dangote would produce, to ensure full sufficiency of the products.
He thanked the President Muhammadu Buhari administration for signing the Petroleum Industry Act (PIA), which encouraged private sector investment in the oil and gas industry.
