(Ecofin Agency) - The Independent Petroleum Marketers Association of Nigeria (IPMAN) has increased its method of service delivery of petroleum products across the nation as the association has entered into a five-year contract with Star Synergy Petroleum Services Limited.

The throughput and trading agreement includes storage and supply of petrol, diesel, kerosene and Aviation fuel throughout the country.

According to the Managing Director of Star Synergy Petroleum Services, Babatunde Babalola, this deal is set to increase IPMAN’s more than 2,500 gas stations across Nigeria and is a way to play a key role in the deregulation of the sector by the Federal Government of Nigeria.

“The arrangement between IPMAN and Star Petroleum is coming at a time the Nigerian government is doing all in its power to make petroleum products available in good quantity to all Nigerians and as such we must play our role positively to enhance the government gesture. Though the recent increase in pump price of petroleum products especially PMS otherwise known as Petrol came at a time the nation economy is going through one of its worst moment since nationhood but with the assurance from the President Muhamadu Buhari led Federal Government Nigerians would soon smile,” Babalola told Energy Mix report.

The agreement is to take immediate effect.

Anita Fatunji