Table of Contents
- Price Reduction Announcement
- Direct Sales from Dangote Refinery
- Current Price War in the Market
- Impact on Nigerians
Nigerian petroleum product marketers have revealed plans to further reduce the price of premium motor spirit to approximately N739 per liter nationwide.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) stated that its members have been assured of direct fuel sales from Dangote Refinery at N699 per liter starting in January 2025.
Abubakar Maigandi, the president of IPMAN, shared this information in an exclusive interview with DAILY POST on Monday.
According to DAILY POST, the Nigerian National Petroleum Company Limited (NNPCL) lowered its petrol price to N815 per liter across its retail outlets in Abuja on Monday, as part of an ongoing price competition in the country’s oil downstream sector.
While the price at NNPCL retail outlets is set at N815 per liter, this is still N76 higher compared to the Dangote Refinery-supported MRS filling stations, which are priced at N739 per liter.
At the end of last year, Dangote Refinery announced a significant reduction in petrol prices to outcompete other marketers.
This price reduction initiated a petrol price war among major players as they entered the new year, 2026.
DAILY POST reports that current fuel prices range between N739 and N900 per liter at various filling stations.
This indicates a substantial price discrepancy between Dangote-backed MRS and other filling stations, including NNPCL.
Despite this price disparity, DAILY POST reports that most Nigerians have yet to experience the benefits of lower fuel prices nationwide.
To help bridge the price gap and allow more Nigerians to access cheaper fuel, Maigandi stated that IPMAN members would begin selling petrol at a maximum price of N750 in January, coinciding with the start of direct sales from Dangote Refinery to IPMAN members.
“As you know, he (Aliko Dangote) promised that Dangote Refinery would initiate direct supply to filling stations this month, January 2026.
“We are eagerly awaiting the refinery to supply independent marketers; it is set to begin in January, as per his promise.
“Once he starts direct delivery, without transport costs, you will notice that all these queues will disappear. With a price of N699 per liter, and adding a transport fee of about N15, the product will reach your filling station at around N750.
“As soon as he commences, you will see marketers starting to purchase and offload, leading to price reductions,” he informed DAILY POST.
Recall that in December of last year, the price was reduced to N699 per liter from N838.
Aliko Dangote, president of the 650,000-barrel-per-day refinery, subsequently set the petrol price at MRS filling stations to N739 per liter.
However, this price reduction has not been uniformly applied across the downstream sector, as some filling stations continue to sell petrol for as much as N900 per liter in Abuja and other regions of the country.
Frequently Asked Questions
What is the new price of petrol in Nigeria?
The new price of petrol is expected to be around N739 per liter, with a possibility of further reductions to N750 in January 2026.
When will Dangote Refinery start direct sales?
Dangote Refinery is expected to start direct sales to filling stations in January 2026.
Why is there a price gap in fuel prices?
The price gap exists due to varying pricing strategies among different marketers and the ongoing price competition in the oil sector.
Eze Chidiebere Paul
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