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IPMAN calls on Dangote-linked fuel stations to reflect ₦739 pump price

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged filling stations receiving petrol supplies directly from the Dangote Petroleum Refinery to sell the product at ₦739 per litre, in line with the refinery’s approved rate.

Speaking on Tuesday, IPMAN National President, Alhaji Abubakar Maigandi, said marketers benefiting from direct and cost-free delivery arrangements should comply with the price set by the refinery to ensure fairness across the market.

According to him, the appeal specifically targets independent marketers supplied by Dangote’s trucks, noting that the refinery had invested in thousands of Compressed Natural Gas (CNG)-powered tankers to ease distribution costs for its partner stations.

Dangote Refinery had, late last year, reduced the pump price of petrol at designated outlets nationwide to ₦739 per litre. However, compliance has remained uneven. As of the end of 2025, only MRS Oil was selling at the revised rate, while other partner stations reportedly maintained higher prices.

Maigandi explained that several marketers were yet to receive free delivery from the refinery, which he said partly accounted for the delay in adjusting pump prices. He added that uncertainty surrounding recent tax reforms was also affecting pricing decisions.

“We are still trying to understand the new tax framework and how it affects our operations,” he said, noting that marketers had not yet factored any tax-related changes into their pump prices.
Despite these challenges, IPMAN observed a general downward trend in petrol prices nationwide, driven by market forces and improved local supply.

“The one thing common across petrol stations right now is that prices are coming down,” Maigandi said, adding that further clarity on logistics and tax policies would help stabilise pricing across the sector.