Dangote Refinery’s PMS provide will scale back petrol worth, says IPMAN

…Commends Dangote for its reasonably priced petrol merchandise

…As free supply commences in January 2026

The Impartial Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN) has known as on all its members nationwide to patronise the Dangote Refinery of their buy of PMS merchandise, noting that the refinery already provides the very best reasonably priced worth for all entrepreneurs, whilst free supply commences in January 2026.

The affiliation additionally expressed delight over a latest settlement by the Dangote Petroleum Refinery to start the availability of Premium Motor Spirit (PMS) – also referred to as petroleum – merchandise on to registered IPMAN members, in a press release signed and issued by the IPMAN Nationwide President Alhaji Abubakar Maigandi Shettima.

At a press convention held in Abuja yesterday on latest happenings within the oil & fuel sector, IPMAN additionally applauded the assist of the Chairman of Dangote Petroleum Refinery, Aliko Dangote in direction of the Federal Authorities, which it famous has turn into evident within the common discount of the petroleum pump worth.

Based on Shettima, “the affiliation has the very best proportion of the availability chain of the PMS downstream sector, controlling over 80% of the PMS retail market. We subsequently declare that there will probably be no hole or shortage in PMS provide to Nigerians.

“We’re additionally excited on the latest settlement by the Dangote Refinery to start the availability of PMS merchandise on to registered IPMAN members, and its free supply to our filling stations anyplace and all over the place in Nigeria which can start in January 2026.

“This may once more, definitely result in additional lower within the pump worth of the merchandise at our submitting stations. Subsequently, I’m calling on all IPMAN members nationwide to prioritise patronising the Dangote Refinery of their buy of PMS merchandise, as they already supply the very best reasonably priced prize for all entrepreneurs immediately”, the assertion added.

The IPMAN boss famous that “At IPMAN now we have little doubt as to the viability of the oil and fuel insurance policies being initiated by the Federal Authorities, and now we have ceaselessly known as and searched for enhanced cooperation throughout all ranges of governance within the oil and fuel sector. Therefore our repeated persuasion to all the time associate the Dangote refinery, to make sure the regular availability of PMS merchandise.

“The main focus of the Dangote & IPMAN partnership, has all the time been geared in direction of making life higher for Nigerians. And naturally, this blooming partnership would by no means have been attainable with out the pragmatic management of President Bola Ahmed Tinubu, and his sound judgment in readjusting the management of the NMDPRA and the NUPRC.

Our place has all the time been to deepen home refining as a way to eradicate imports of petroleum merchandise. Steady import is NOT a suitable parallel enterprise mannequin, as a result of issuing import licenses recklessly distorts market dynamics, drains international change, enthrones poverty, destroys jobs, and scares potential traders away,” Shettima added.

The affiliation congratulated the brand new heads of the oil & fuel regulatory our bodies, and reminded them of the lengthy excellent bridging claims owed its members totalling over N190 billion. “We particularly name on the NMPDRA new management to instantly make this debt a trigger for severe concern as he assumes his new place”, the assertion added.