Independent petroleum marketers have announced that the Dangote Petroleum Refinery is gearing up to distribute about 600 million litres of petrol every month to stabilise fuel availability and ease the ongoing surge in pump prices nationwide.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) disclosed that the refinery is putting together a new supply arrangement with 20 selected companies that will function as main distributors. Each of these marketers is expected to lift no less than two million litres monthly, making up a total of around 600 million litres.
According to IPMAN’s National Public Relations Officer, Chinedu Ukadike, the refinery recently held a high-level meeting with key downstream operators such as A.Y.M. Shafa, A.A. Rano, NNPCL Retail, and Salbas, among others. The discussions centred on improving supply coordination, cutting out unnecessary intermediaries, and addressing distortions affecting fuel pricing across the country.
Ukadike noted that the initiative is aimed at ensuring steady supply, discouraging hoarding, and restoring normalcy to the fuel distribution chain. He added that once the plan takes effect, petrol would become more available and pump prices would begin to moderate.
Supporting the statement, IPMAN’s National Vice President, Hammed Fashola, confirmed that 20 marketers have been shortlisted, though the official list is still pending release. Despite these plans, filling stations in the Federal Capital Territory (FCT) have continued to raise pump prices due to tight supply conditions.
A survey by The PUNCH indicated that outlets such as Optima Energy now sell petrol at ₦955 per litre, A.A. Rano at ₦945, and A.Y.M. Shafa at ₦940. Independent marketers linked the rising prices to limited product supply, unstable depot rates, and delays in fuel loading from the Dangote facility.
These challenges have driven prices in some cities to around ₦1,000 per litre. IPMAN President Abubakar Shettima blamed members of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) for the recent hike, explaining that depot owners raised their rates after the Dangote Refinery temporarily paused loading activities.
Shettima assured, however, that the issue would be short-lived, noting that once Dangote resumes sales to marketers, prices are expected to drop.
In a related move to ease cost pressures on transporters and industries, the Dangote Petroleum Refinery and Petrochemicals FZE announced a ₦50 reduction in the ex-depot price of diesel. A notice from the refinery’s Group Commercial Operations Department stated that the price has been reviewed from ₦960 to ₦910 per litre, effective October 15, 2025.
In a circular titled “AGO Gantry Price Reduction,” the refinery thanked customers for their support and reaffirmed its commitment to ensuring fair and stable energy pricing in the domestic market.
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