Amid growing fuel scarcity in Nigeria, major oil marketers have raised the price of Premium Motor Spirit (PMS), also known as petrol, from N1,010 to N1,050 per litre—a 4% increase in Lagos and surrounding regions. Independent marketers have also raised their prices, now selling petrol at rates between N1,100 and N1,200 per litre, varying by location.
A recent investigation by Vanguard highlights the inconsistency in petrol prices within the deregulated market, with minor differences across filling stations.
In a related development, the Dangote Refinery has refuted claims made by the Independent Petroleum Marketers Association of Nigeria (IPMAN) regarding difficulties in loading refined products from its facility. The refinery clarified that it has no direct dealings with IPMAN and has not received any payments from the association for petroleum purchases.
The statement by Dangote Refinery’s Group Chief Branding and Communication Officer, Anthony Chiejina, countered IPMAN President Abubakar Garima’s earlier comments, in which he alleged that despite having paid ₦40 billion to the Nigerian National Petroleum Company Limited (NNPCL), IPMAN members face challenges loading petrol from the Dangote Refinery in Lagos.
According to Dangote, the refinery, capable of loading 2,900 trucks per day and evacuating products by sea, has abundant fuel supplies and is open to IPMAN’s direct registration process. The refinery emphasized that any payments mentioned were made through NNPCL, not Dangote Refinery, and urged IPMAN to follow due protocol for petroleum access.
The situation underscores the need for streamlined distribution processes in the fuel sector, as Nigerians continue to experience price hikes and scarcity concerns across the country.
News Editor