The Independent Petroleum Marketers Association of Nigeria (IPMAN) has started buying petrol directly from the Dangote Refinery. This milestone agreement aims to streamline fuel distribution and reduce costs by cutting out middlemen.

IPMAN began lifting petrol from the Dangote Refinery in late November 2024. Initially, the products were accessed through MRS Oil as a temporary measure while both parties finalized documentation. Chinedu Ukadike, IPMAN’s National Publicity Secretary, confirmed the development, adding that direct purchase arrangements are now fully in place.

The Dangote Refinery recently reduced petrol prices from ₦990 to ₦970 per litre, increasing local demand. This price cut has made fuel more affordable and strengthened Nigeria’s economy. Ukadike noted that eliminating middlemen not only reduced costs but also encouraged fair competition.

Previously, the Nigerian National Petroleum Company (NNPC) acted as the sole middleman for Dangote Refinery products. However, following calls for more efficient supply chains, the Federal Government allowed independent marketers to negotiate directly with the refinery.

Finance Minister Wale Edun stated, “Marketers are now free to purchase directly from local refineries on commercial terms. This move will improve market efficiency and promote competition.”

IPMAN’s direct purchase deal includes Premium Motor Spirit (PMS), diesel (AGO), and kerosene (DPK), ensuring a steady supply for their depots and retail outlets. This development is expected to stabilize fuel prices, improve availability, and reduce Nigeria’s reliance on imported petrol.

With this groundbreaking arrangement, the Dangote Refinery is poised to play a pivotal role in reshaping Nigeria’s fuel market.