Direct Fuel Sales from Dangote Refinery to IPMAN Set to Reduce Petrol Prices in Nigeria
Dangote Refinery’s direct fuel sales to IPMAN are expected to reduce petrol prices in Nigeria, easing nationwide supply and curbing inflation.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) announced a direct fuel purchase deal with Dangote Refinery, expected to lower petrol prices and stabilize supply across Nigeria. The agreement, ending the Nigerian National Petroleum Company Limited’s middleman role, could reduce pump prices below N1,150 per liter.
This shift follows the Nigerian government’s policy changes allowing petrol marketers to directly lift fuel, aiming to alleviate inflation driven by surging energy costs.
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