Thursday, September 3, 2026 - The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Federal Government to intervene in the commercial operations of the Dangote Petroleum Refinery to help bring down retail petrol prices across the country.
IPMAN National President Abubakar Maigandi made the call
following a fresh surge in retail pump prices, which rose to between ₦1,310 and
₦1,345 per liter in Abuja and surrounding regions.
The domestic price increase followed upward adjustments in
gantry and ex-depot petrol prices by the Dangote Refinery and private depot
operators.
Speaking on the developments, Maigandi urged the Federal
Government to broker a pricing agreement with domestic refining facilities,
stressing that targeted state support in the downstream sector differs from a
blanket subsidy regime.
"We are
appealing to the Federal Government to broker a deal with Dangote Refinery to
reduce fuel prices," Maigandi said. "The government should intervene
with Nigerian refiners, and this will lead to a reduction in fuel prices. It is
different from fuel subsidy. In a situation where there is difficulty, the
government should step in."
IPMAN maintained that strategic government engagement with
domestic refiners remains essential to stabilizing pump prices, absorbing
external crude market shocks, and easing energy costs for consumers and
businesses nationwide.
0 Comments