Dangote Refinery Targets 600 Million Litres Monthly Petrol Supply to Stabilize Market
Independent petroleum marketers have confirmed that Dangote Refinery will supply 600 million litres of petrol monthly.
They said the move aims to stabilize fuel supply nationwide and reduce rising pump prices.
Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery is set to release up to 600 million litres of petrol monthly to stabilize fuel supply across the country and reduce the current rise in pump prices.
The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, disclosed this on Thursday after a meeting between the refinery and key downstream operators.
Ukadike said the refinery plans to work with 20 selected marketers who will serve as the main distributors. “Each of them will lift a minimum of two million litres, which translates to about 600 million litres monthly,” he explained.
He added that the new structure aims to reduce multiple layers of middlemen responsible for price distortions and ensure steady product delivery nationwide. “Once this framework takes effect, petrol supply will improve, and pump prices will begin to drop,” Ukadike noted.
IPMAN Vice President, Hammed Fashola, also confirmed the arrangement, saying that the refinery had shortlisted 20 marketers but had not made the final list public.
Despite the development, fuel stations in Abuja have continued to increase prices amid limited supply. Findings showed that Optima Energy now sells at N955 per litre, A.A. Rano at N945, and A.Y.M. Shafa at N940.
Marketers blamed the hike on inconsistent depot prices, loading delays, and supply bottlenecks. In several cities, petrol has reached N1,000 per litre.
Reacting to the situation, IPMAN President, Abubakar Shettima, accused depot owners of inflating prices after Dangote temporarily suspended loading operations. He said, “Depot owners increased their ex-depot prices when Dangote stopped fuel loading. But once Dangote resumes sales, the price will drop again. These are temporary issues that will soon clear up.”
In a related move, Dangote Refinery announced a N50 reduction in the ex-depot price of diesel to ease costs for transporters and industries. The refinery’s Group Commercial Operations Department stated on Wednesday that the diesel price was reviewed from N960 to N910 per litre, effective October 15, 2025.
The company, in a notice to customers, thanked them for their continued support and assured that the new price review was part of efforts to provide affordable energy to Nigerians.
