Fuel Price Relief: IPMAN to cut prices following Dangote Refinery’s price cut

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to reduce the price of premium motor spirit (PMS) following the recent price cut by Dangote Refinery. The refinery had slashed its ex-depot petrol price to N820 per litre from N840

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IPMAN’s National President, Abubakar Maigandi, disclosed that the association’s members will follow suit and reduce their prices. “Whether Dangote Refinery or ex-depot petrol price, our members will also reduce. We will announce a fresh fuel price on Monday,” Maigandi said in an interview.

The association is set to meet on Monday to finalize and announce the new price. Currently, retail outlets in Abuja sell petrol at varying prices, ranging from N905 per litre to N945 per litre. Some outlets, such as NIPCO, AA Rano, and Shema, sell fuel at N910 per litre, while Dangote Refinery retail partners, including MRS and AP Ardova, sell at N905 per litre

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