Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery plans to release up to 600 million litres of petrol monthly to stabilise domestic supply and curb the recent rise in pump prices.

According to the National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, the refinery is finalising a new distribution framework with 20 selected marketers to address lingering supply challenges.

He said the plan was discussed during a recent strategic meeting between the refinery and key players in the downstream sector.

He explained that the meeting, which had in attendance representatives from A.Y.M. Shafa, A.A. Rano, NNPCL Retail, Salbas, and other major distributors, focused on streamlining product allocation and cutting out layers of middlemen responsible for price distortions.

“At the meeting, Dangote announced plans to sell to only 20 selected marketers who will serve as primary distributors to other dealers. Each of them will lift a minimum of two million litres, which will translate to about 600 million litres every month,” Ukadike said.

He added that the initiative is part of the refinery’s broader strategy to stabilise supply, curb speculation, and enhance efficiency in fuel distribution nationwide.

“We believe that once this structure takes effect, petrol availability will improve significantly and retail prices will start to ease,” he added.

The National Vice President of IPMAN, Hammed Fashola, also affirmed the development, stating, “I have confirmed that 20 marketers have been shortlisted, although the final list has not yet been made public.”

Despite the refinery’s plans, filling stations across the Federal Capital Territory have continued to raise pump prices amid tight supply.

Findings revealed that some outlets, including Optima Energy, increased their prices from ₦945 to ₦955 per litre, while A.A. Rano sold at ₦945 and A.Y.M. Shafa dispensed at ₦940 per litre.