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The Independent Petroleum Products Marketers Association of Nigeria (IPMAN) has announced a plan to reduce the premium motor spirit price from Monday, July 14, 2025, following Dangote Refinery’s latest fuel ex-depot price reduction.
A DAILY POST report quotes the National President of the association, Abubakar Maigandi, as disclosing this in an interview yesterday, Friday, July 11.
This comes as Dangote Refinery on Thursday slashed its ex-depot petrol price to N820 per litre from N840.
Reacting to the development, Maigandi told the portal IPMAN members plan to follow in the footsteps of the 650,000 barrels-per-day refinery.
He noted IPMAN will be meeting on Monday to announce a downward revision of its petrol price.
“Whether Dangote Refinery or ex-depot petrol price, our members will also reduce. We will announce a fresh fuel price on Monday,” Maigandi told the news outlet.
Retail outlets in Abuja sold petrol between N905 per litre and N945 per litre as of Friday.
While the Nigerian National Petroleum Company Limited (NIPCO), AA Rano, Shema, and other retail outlets in Abuja dispensed fuel at N910, MRS, AP Ardova, and other Dangote Refinery retail partners sold at N905 per litre.
Ranoil, Empire Energy, and Total Emadeb dispensed fuel between N920 and N945 per litre.
