…Refinery PMS supply will reduce petrol price – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a landmark agreement with the Dangote Petroleum Refinery that is expected to stabilize the downstream sector and further crash pump prices across the country.
In a statement issued by the Dangote Refinery, the company confirmed that the refinery will begin direct supply of Premium Motor Spirit (PMS) to registered members, with a groundbreaking free delivery service to filling stations nationwide scheduled to commence in January 2026.
IPMAN, which controls over 80% of the PMS retail market in Nigeria, described the partnership as a strategic victory for energy security. President Shettima noted that the association’s vast network ensures that there will be “no gap or scarcity” in fuel supply once the direct lifting and delivery model is fully operational.
The association urged all its members to prioritize patronizing the Dangote Refinery, citing its competitive pricing as the most affordable option for marketers currently available in the market. “This direct supply and free delivery will certainly lead to a further decrease in the pump price of products at our stations,” IPMAN National President, Alhaji Abubakar Maigandi Shettima added.
The association also applauded the Chairman of the Dangote Group, Aliko Dangote, for his commitment to reducing the national pump price and supporting the Federal Government’s economic objectives.
Shettima emphasized that domestic refining is the only viable path to eradicating the drain on foreign exchange caused by reckless fuel imports.
IPMAN also attributed the success of this blooming partnership to the pragmatic leadership of President Bola Ahmed Tinubu.
The association specifically highlighted the President’s recent sound judgment in reorganizing the leadership of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as a catalyst for these positive changes.
While celebrating the new partnership, IPMAN used the opportunity to remind the newly appointed heads of the regulatory bodies of a long-standing financial burden.
The association revealed that its members are still owed over ₦190 billion in outstanding bridging claims.
Shettima called on the new leadership of the NMDPRA to treat the settlement of this debt as a priority, noting that resolving these claims is essential for the financial health of the independent marketers who drive the nation’s economy.
The partnership between Dangote and IPMAN is being viewed as a transformative step toward a self-sufficient energy sector that prioritizes local jobs and investment over the volatility of the international import market.
