Fuel prices across Nigeria are likely to decline soon as petroleum marketers resume lifting petrol from the Dangote Refinery.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed that its members have started loading petrol at the refinery’s 650,000-barrel-per-day facility. IPMAN President, Abubakar Maigandi, said the renewed supply will help ease the nationwide fuel scarcity that recently pushed pump prices as high as ₦965 per litre in some parts of Abuja.

Maigandi noted that the refinery is currently selling petrol to marketers at ₦877 per litre, compared to ₦820 previously. However, he expressed optimism that the increased availability of the product would cause prices to ease in the coming days.

“We expect prices to drop slightly once more fuel circulates in the system,” he explained, though he declined to give a specific figure for the anticipated reduction.

In a similar statement, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, said that consistent supply from the Dangote Refinery and other major depots would stabilize the market and make petrol more affordable for consumers.

Several filling stations, including MRS, Optima, Emedeb, and Bova, have reportedly resumed sales after weeks of irregular supply that triggered the price hike.

Industry observers have attributed the recent surge in pump prices to supply disruptions from the refinery. Last week, Dangote Industries Executive Vice President, Devakumar Edwin, disclosed that over 310 million litres of petrol had been allocated for loading at the refinery to address shortages.

The resumption of product distribution marks a positive shift for motorists and households who have endured weeks of high fuel costs and long queues at stations nationwide.