Dangote Petroleum Refinery has recorded a surge in patronage from fuel marketers nationwide, with more than 1,000 trucks now loading Premium Motor Spirit (PMS) daily, following recent price and supply policy adjustments aimed at boosting affordability and access.
The refinery recently reduced the pump price of PMS to ₦699 per litre and slashed its minimum purchase requirement from two million litres to 250,000 litres. The measures, industry observers say, have significantly lowered entry barriers for marketers, especially small and medium-scale operators, while strengthening nationwide fuel distribution.
To further enhance confidence among marketers, Dangote Refinery also introduced a 10-day bank guarantee arrangement designed to ensure uninterrupted product supply and ease transactional concerns.
Since the announcement of the new pricing and purchase framework, demand has risen sharply, positioning the Dangote Refinery as a major hub for fuel distribution in Nigeria’s downstream petroleum sector.
President of the Dangote Group, Aliko Dangote, said the reforms were driven by the company’s commitment to making energy affordable and accessible to all Nigerians.
“Our goal has always been to make energy affordable and accessible for every Nigerian. By reducing prices and lowering the minimum purchase volume, we are empowering both large and small marketers to participate in the market, ensuring fuel reaches every corner of the country,” Dangote said.
He noted that the inclusive strategy would strengthen distribution networks, promote competition and improve fuel availability nationwide.
Speaking to journalists last week, Dangote reaffirmed his commitment to ensuring that the benefits of domestic refining are passed on to consumers.
He disclosed that the company is working to ensure that recent price reductions at the gantry are reflected at retail outlets, adding that the refinery project is driven more by legacy and national interest than profit.
Dangote also revealed that he could have invested the estimated $20 billion cost of the refinery elsewhere if financial returns were his primary motivation.
Meanwhile, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on its members across the country to patronise the Dangote Refinery for their PMS supplies, describing its pricing as the most affordable in the market. The association also noted that free product delivery is expected to commence in January 2026.
In a statement signed by its National President, Abubakar Maigandi Shettima, IPMAN welcomed a recent agreement under which Dangote Refinery will begin supplying PMS directly to registered IPMAN members.
Shettima said IPMAN controls over 80 per cent of Nigeria’s PMS retail market, assuring Nigerians of steady fuel availability.
“With our dominant position in the downstream sector, we declare that there will be no gap or scarcity in PMS supply to Nigerians,” he stated.
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