Dangote petrol price cut may see independent marketers sell PMS below ₦739 per litre as free direct delivery begins nationwide
Some independent marketers partnering with the Dangote Petroleum Refinery may soon sell petrol below ₦739 per litre, following the commencement of direct product delivery to affiliated filling stations.
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The development was confirmed on Wednesday by the National President of the Independent Petroleum Marketers Association of Nigeria, Alhaji Abubakar Maigandi, amid rising competition in Nigeria’s downstream oil market.
Maigandi said the Dangote petrol price cut is achievable because the refinery’s gantry price of ₦699 per litre leaves sufficient margin for marketers receiving free delivery.
He explained that independent marketers who benefit from the direct supply arrangement could reduce pump prices without operating at a loss.
The Dangote Petroleum Refinery, owned by industrialist Aliko Dangote, began virtual training for staff of affiliate retail outlets on Tuesday, a step required before the rollout of direct distribution.
The refinery is expected to begin free delivery of Premium Motor Spirit to partner stations immediately after the training exercise.
Companies partnering with the refinery include MRS Oil Nigeria, Ardova Petroleum, Heyden, Garima and Optimal.
Industry sources said some partners had delayed price adjustments because they were yet to receive products through the direct delivery framework.
Maigandi said the margin between the gantry rate and current pump prices creates room for competitive pricing in a liberalised market.
He added that market forces would determine the final pump price across different locations.
Petrol prices in the Federal Capital Territory currently range from ₦739 to about ₦930 per litre, depending on the marketer.
MRS outlets were observed selling petrol at ₦739 per litre, while several independent stations maintained higher prices.
Energy analysts say the Dangote petrol price cut could trigger wider price competition if distribution remains consistent.
Also read: Trump warns GOP must win 2026 midterms or face impeachment risk
The refinery’s intervention is seen as a decisive move to stabilise supply and ease consumer burden amid persistent fuel cost pressures.
