*Lower Prices and Reduced Minimum Purchase Volume Drive Surge in Demand
*Dangote Refinery’s PMS supply will reduce petrol price, says IPMAN
Dangote Refinery has emerged as the hub of fuel distribution in Nigeria, following bold strategic adjustments aimed at making energy more affordable and accessible. The refinery recently announced a significant reduction in the pump price of Premium Motor Spirit (PMS) to ₦699 per litre, alongside a drastic cut in the minimum purchase requirement from 2 million litres to 250,000 litres. These measures underscore Dangote Refinery’s commitment to stabilising supply, fostering inclusivity, and supporting national economic growth.
To further reassure marketers, the refinery has introduced a 10-day bank guarantee system, ensuring uninterrupted supply and strengthening confidence in its operations.
Since the announcement, the response from fuel marketers has been overwhelming. The refinery now records over 1,000 trucks loading PMS daily from its gantry, a clear testament to market trust in Dangote Refinery’s efficiency and leadership in the downstream sector.
President of Dangote Group, Aliko Dangote, said: “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.”
The inclusive approach opens the market to smaller operators, strengthening distribution networks and improving fuel availability across the country. By lowering barriers to entry, Dangote Refinery is driving competition and ensuring Nigerians benefit from a more stable and affordable fuel supply chain.
Speaking to the press last week, Aliko Dangote reaffirmed his commitment to ensuring Nigerians enjoy the benefits of domestic refining. He emphasised that the company is working tirelessly to ensure recent reductions at the gantry are reflected at retail outlets. Dangote noted that the refinery project is driven by legacy rather than profit, revealing that he could have invested $20 billion elsewhere if financial gain were his sole objective.
It would be recalled that the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday called on all its members nationwide to patronise the Dangote Refinery in their purchase of PMS products, noting that the refinery already offers the best affordable price for all marketers, even as free delivery commences in January 2026.
The association also expressed delight over a recent agreement by the Dangote Petroleum Refinery to begin the supply of Premium Motor Spirit (PMS) – also known as petroleum products directly to registered IPMAN members, in a statement signed and issued by the IPMAN National President, Alhaji Abubakar Maigandi Shettima.
According to Shettima, “the association has the highest percentage of the supply chain of the PMS downstream sector, controlling over 80 per cent of the PMS retail market. We therefore declare that there will be no gap or scarcity in PMS supply to Nigerians.” The statement reads.
Dangote Refinery’s PMS supply will reduce petrol price, says IPMAN
…Commends Dangote for its affordable petrol products
…As free delivery commences in January 2026
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on all its members nationwide to patronise the Dangote Refinery in their purchase of PMS products, noting that the refinery already offers the best affordable price for all marketers, even as free delivery commences in January 2026.
The association also expressed delight over a recent agreement by the Dangote Petroleum Refinery to begin the supply of Premium Motor Spirit (PMS) – also known as petroleum – products directly to registered IPMAN members, in a statement signed and issued by the IPMAN National President Alhaji Abubakar Maigandi Shettima.
At a press conference held in Abuja yesterday on recent happenings in the oil & gas sector, IPMAN also applauded the support of the Chairman of Dangote Petroleum Refinery, Aliko Dangote towards the Federal Government, which it noted has become evident in the regular reduction of the petroleum pump price.
According to Shettima, “the association has the highest percentage of the supply chain of the PMS downstream sector, controlling over 80% of the PMS retail market. We therefore declare that there will be no gap or scarcity in PMS supply to Nigerians.
“We are also excited at the recent agreement by the Dangote Refinery to begin the supply of PMS products directly to registered IPMAN members, and its free delivery to our filling stations anywhere and everywhere in Nigeria which will commence in January 2026.
“This will again, certainly lead to further decrease in the pump price of the products at our filing stations. Therefore, I am calling on all IPMAN members nationwide to prioritise patronising the Dangote Refinery in their purchase of PMS products, as they already offer the best affordable prize for all marketers today”, the statement added.
The IPMAN boss noted that “At IPMAN we have no doubt as to the viability of the oil and gas policies being initiated by the Federal Government, and we have ceaselessly called and sought for enhanced cooperation across all levels of governance in the oil and gas sector. Hence our repeated persuasion to always partner the Dangote refinery, to ensure the steady availability of PMS products.
“The focus of the Dangote & IPMAN partnership, has always been geared towards making life better for Nigerians. And of course, this blooming partnership would never have been possible without the pragmatic leadership of President Bola Ahmed Tinubu, and his sound judgment in readjusting the leadership of the NMDPRA and the NUPRC.
Our position has always been to deepen domestic refining in order to eradicate imports of petroleum products. Continuous import is NOT an acceptable parallel business model, because issuing import licenses recklessly distorts market dynamics, drains foreign exchange, enthrones poverty, destroys jobs, and scares potential investors away,” Shettima added.
The association congratulated the new heads of the oil & gas regulatory bodies, and reminded them of the long outstanding bridging claims owed its members totalling over N190 billion. “We specifically call on the NMPDRA new leadership to immediately make this debt a cause for serious concern as he assumes his new position”, the statement added.
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