Petroleum products marketers in Nigeria have indicated plans to further reduce the pump price of premium motor spirit to about N739 per litre nationwide, as they await the commencement of direct fuel supply from the Dangote Refinery.
The Independent Petroleum Marketers Association of Nigeria IPMAN disclosed that its members have been assured of direct fuel sales from the Dangote Refinery at N699 per litre in January 2026.
The President of IPMAN, Abubakar Maigandi, made this known on Monday during an interview.
This development comes amid ongoing price competition in Nigeria’s downstream oil sector, following a recent reduction in petrol prices by the Nigerian National Petroleum Company Limited NNPCL to N815 per litre at its retail outlets in Abuja.
Despite the reduction, the NNPCL price remains N76 higher than the Dangote Refinery backed MRS filling stations, which currently sell petrol at N739 per litre.
Towards the end of last year, the Dangote Refinery announced a significant reduction in petrol prices in a move aimed at undercutting other marketers. This decision effectively triggered a price war among major players in the sector, extending into 2026.
Presently, petrol prices range between N739 and N900 per litre across filling stations nationwide, reflecting a wide disparity between Dangote backed outlets and other marketers, including NNPCL. As a result, many Nigerians are yet to benefit from the lower fuel prices.
To address the price gap and expand access to cheaper fuel, Maigandi said IPMAN members plan to sell petrol at a maximum price of N750 per litre once the Dangote Refinery begins direct supply to independent marketers.
“You know, he promised that Dangote Refinery will start direct supply to filling stations this month, January 2026.
“We are waiting for the refinery to supply to independent marketers; it’s going to start in January. That’s the promise he made.
“Immediately he starts direct delivery, without transport, you will see all this queue will go. You know, if you get to N699 per litre by the time you add transport, N15, the product will arrive at the rate of about N750 to your filling station.
“Immediately when he starts, you will see marketers will start buying and start discharging and reducing the price,” he said.
It will be recalled that in December last year, the Dangote Refinery reduced its petrol gantry price from N838 to N699 per litre. Subsequently, Aliko Dangote, President of the 650,000 barrel per day refinery, pegged the pump price at MRS filling stations at N739 per litre.
However, the price reduction has yet to be fully reflected across the downstream sector, as several filling stations continue to sell petrol at prices as high as N900 per litre in Abuja and other parts of the country.
