Dangote Refinery–IPMAN Deal to Drive Down Petrol Prices, Ensure Nationwide Supply

Dangote Refinery–IPMAN Deal to Drive Down Petrol Prices, Ensure Nationwide Supply

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed confidence that increased supply of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery will further reduce petrol pump prices and guarantee steady availability across the country.

In a statement issued after a press conference in Abuja, IPMAN National President, Alhaji Abubakar Maigandi Shettima, called on all IPMAN members nationwide to prioritise purchasing PMS from the Dangote Refinery, describing its pricing as the most affordable currently available to marketers.

Shettima said the association welcomed a recent agreement under which the Dangote Refinery will begin direct supply of PMS to registered IPMAN members, with free delivery to filling stations nationwide scheduled to commence in January 2026.

According to him, IPMAN controls over 80 per cent of Nigeria’s PMS retail market, assuring Nigerians that there would be no supply gaps or fuel scarcity under the new arrangement.

“We are excited about Dangote Refinery’s decision to supply PMS directly to IPMAN members, coupled with free delivery to our filling stations across Nigeria from January 2026. This will undoubtedly lead to further reductions in pump prices for consumers,” Shettima said.

He also commended the Chairman of Dangote Petroleum Refinery, Aliko Dangote, for what he described as consistent support for the Federal Government’s efforts in stabilising the downstream petroleum sector, noting that this has reflected in recent pump price reductions.

The IPMAN president reaffirmed the association’s support for the Federal Government’s oil and gas reforms, stressing that domestic refining remains the most sustainable solution to Nigeria’s fuel challenges.

“Our position has always been to deepen domestic refining and eliminate dependence on imported petroleum products. Continuous importation is not an acceptable parallel business model, as it distorts the market, drains foreign exchange, destroys jobs and discourages investment,” he stated.

Shettima attributed the growing collaboration between IPMAN and Dangote Refinery to the policy direction of President Bola Ahmed Tinubu, particularly the restructuring of leadership within the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

While congratulating the newly appointed heads of the regulatory agencies, IPMAN also drew attention to outstanding bridging claims owed to its members, estimated at over N190 billion. The association urged the new NMDPRA leadership to treat the settlement of the debt as a priority.

The association maintained that stronger collaboration between marketers, refiners and regulators would ultimately translate into affordable fuel prices and improved living conditions for Nigerians.