ABUJA, Nigeria (VOICE OF NAIJA)-Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery has set a target to release up to 600 million litres of petrol monthly to help stabilise domestic supply and ease the recent spike in pump prices.
According to marketers, a new distribution framework is being finalised with 20 selected marketers, under which about 600 million litres of petrol will be supplied monthly to address supply shortages and control rising prices.
This was disclosed by the National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, on Thursday, who said the refinery recently held a strategic meeting with major players in the downstream sector.
Ukadike explained that the meeting, which had representatives from A.Y.M. Shafa, A.A. Rano, NNPCL Retail, Salbas, and other key distributors, focused on streamlining product allocation and cutting off 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 was designed to ensure steady supply, curb speculation, and improve delivery efficiency nationwide.
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“We believe that once this structure takes effect, petrol availability will improve significantly and retail prices will start to ease,” he stated.
National Vice President of IPMAN, Hammed Fashola, also confirmed the plan, saying, “I have confirmed that 20 marketers have been shortlisted, although the final list has not yet been made public.”
Despite this development, filling stations in Abuja and other parts of the country have continued to adjust pump prices upward amid limited supply.
Findings revealed that Optima Energy raised its pump price from N945 to N955 per litre, A.A. Rano sold at N945, and A.Y.M. Shafa sold at N940.
Independent marketers attributed the increase to supply bottlenecks, depot pricing inconsistencies, and loading delays from the refinery issues that pushed petrol prices beyond N1,000 per litre in some cities.
Reacting, IPMAN President Abubakar Shettima blamed depot owners for the sudden surge.
“These DAPPMAN people are the only ones who are selling the product now. But, probably, Dangote will start tomorrow (today). So, if Dangote starts selling tomorrow, the price will come down. Dangote has not been selling to marketers since all these days.
“You may see their trucks on the road, but the trucks are not enough; marketers still have to support by going there to load. And immediately, these DAPPMAN people saw that Dangote was not loading, they increased their ex-depot prices. That’s just what is happening. But I know these things are temporary, very soon they will wipe away,” Shettima said.
In a related move to ease pressure on transporters and industries, the Dangote Petroleum Refinery and Petrochemicals FZE announced a ₦50 reduction in the ex-depot price of Automotive Gas Oil (diesel).
A notice from the refinery’s Group Commercial Operations Department on Wednesday stated that the gantry price of diesel was reviewed downward from ₦960 per litre to ₦910 per litre, effective October 15, 2025.
The circular, titled “AGO Gantry Price Reduction,” read:
“Dear Valued Customer, We hope this message finds you well. Please be informed that the gantry price for Automotive Gas Oil has been revised from N960/Litre to N910/Litre, effective October 15th, 2025. Thank you for your continued support. Kind regards.”