The Independent Petroleum Marketers Association of Nigeria (IPMAN) has disclosed plans to venture into refinery ownership, subject to regulatory approval, as part of efforts to deepen domestic refining and reduce Nigeria’s reliance on imported petroleum products.
IPMAN Backs Dangote Refinery for PMS Supply
The association also directed its members nationwide to prioritise the purchase of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery, describing the move as critical to stabilising fuel supply and supporting reforms in the downstream sector.
Shettima Speaks on Downstream Reforms
IPMAN National President, Abubakar Shettima, made this known on Thursday in Abuja during a press conference on recent developments in the oil and gas sector, including leadership changes at the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission.
Shettima said IPMAN was strengthening its partnership with the Dangote refinery to boost nationwide fuel distribution and urged the new regulatory leadership to promote policies that encourage domestic refining and discourage fuel imports.
Direct PMS Supply to Begin January 2026
He said Dangote Refinery would begin direct supply of PMS to registered IPMAN members from January 2026, including free delivery to filling stations nationwide, a development expected to further reduce pump prices.
IPMAN Assures Nigerians of Fuel Availability
According to him, IPMAN controls over 80 per cent of Nigeria’s PMS retail market, assuring Nigerians that there would be no fuel scarcity.
Shettima also called on the new leadership of the NMDPRA to urgently address outstanding bridging claims owed to IPMAN members, estimated at over ₦190bn.
He warned that continued fuel importation alongside local refining distorts market dynamics, drains foreign exchange, and discourages investment in Nigeria’s downstream petroleum sector.
