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Dangote Refinery PMS supply to crash petrol prices — IPMAN

The Independent Petroleum Marketers Association of Nigeria has called on its members nationwide to patronise the Dangote Petroleum Refinery in the purchase of Premium Motor Spirit noting that the refinery currently offers the most affordable prices for marketers, even as free delivery is expected to commence in January 2026.

The association expressed satisfaction over a recent agreement by the Dangote Petroleum Refinery to begin the direct supply of PMS, also known as petrol, to registered IPMAN members across the country.

This was disclosed in a statement signed and issued by the IPMAN National President, Alhaji Abubakar Maigandi Shettima.

IPMAN also applauded the Chairman of Dangote Petroleum Refinery, Aliko Dangote, for his support to the Federal Government, which it said has become evident in the regular reduction of petroleum pump prices nationwide.

Speaking at a press conference held in Abuja on recent developments in the oil and gas sector, the association reaffirmed its confidence in the ability of the Dangote Refinery to stabilise the downstream petroleum market.

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.”

He added, “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.”

Shettima further stated, “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 IPMAN president said the association has strong confidence in the oil and gas policies of the Federal Government and has consistently called for improved cooperation across all levels of governance within the sector.

He said, “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.”

Shettima noted that the partnership between Dangote Refinery and IPMAN has always been focused on improving the living conditions of Nigerians.

He said, “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.”

Reiterating IPMAN’s long-standing position, Shettima stressed the need to deepen domestic refining to end the importation of petroleum products.

He said, “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.”

The association also congratulated the newly appointed heads of the oil and gas regulatory agencies.

IPMAN, however, reminded the regulators of the long-standing bridging claims owed to its members, which it said total 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.