The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed confidence that the supply of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery will further reduce petrol prices across the country, particularly with the commencement of free product delivery in January 2026.
In a statement signed by its National President, Abubakar Maigandi Shettima, IPMAN urged its members nationwide to prioritise the Dangote Refinery when sourcing PMS, describing the refinery’s pricing as the most affordable currently available to marketers.
The association also welcomed a recent agreement under which the Dangote Petroleum Refinery will begin direct supply of PMS to registered IPMAN members.
According to IPMAN, the arrangement is expected to strengthen supply efficiency and eliminate the risk of fuel scarcity.
Speaking at a press conference in Abuja on developments in the oil and gas sector, Shettima commended the Chairman of Dangote Petroleum Refinery, Aliko Dangote, for supporting the Federal Government’s efforts in stabilising the downstream sector, noting that this has reflected in successive reductions in petrol pump prices.
Shettima stated that IPMAN controls over 80 per cent of the PMS retail market in Nigeria, assuring Nigerians that there would be no supply gaps. He said the planned free delivery of PMS to IPMAN filling stations nationwide from January 2026 would further drive down pump prices for consumers.
“This will certainly lead to further decreases in the pump price of PMS at our filling stations,” Shettima said, adding that Dangote Refinery currently offers the best pricing for marketers.
The IPMAN president also reaffirmed the association’s support for the Federal Government’s oil and gas policies, emphasising the need for stronger collaboration among stakeholders to ensure steady product availability.
He noted that the partnership between IPMAN and Dangote Refinery is aimed at improving the welfare of Nigerians through reliable and affordable fuel supply.
Shettima attributed the success of the partnership to what he described as the pragmatic leadership of President Bola Tinubu, particularly his decision to restructure the leadership of key regulatory agencies, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
He reiterated IPMAN’s long-standing position on deepening domestic refining capacity to eliminate dependence on imported petroleum products, warning that excessive importation distorts market dynamics, drains foreign exchange, destroys jobs, and discourages investment.
The association also congratulated the newly appointed heads of the oil and gas regulatory agencies, while drawing attention to outstanding bridging claims owed to its members, estimated at over N190 billion. IPMAN called on the new leadership of the NMDPRA to treat the settlement of the debt as a priority.
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