Nigerian petroleum product marketers have announced plans to further reduce the price of premium motor spirit (PMS) to around N739 per liter nationwide.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said its members are set to receive direct fuel supplies from Dangote Refinery at N699 per liter starting January 2026.

IPMAN President Abubakar Maigandi revealed that once the refinery begins direct deliveries, independent marketers will be able to sell petrol at a maximum of N750 per liter, factoring in transport costs.

“You know, Aliko Dangote promised that Dangote Refinery will start direct supply to filling stations this month. Once the refinery starts delivery, the queues will ease. By the time transport costs are added, the product will reach filling stations at around N750 per liter. Immediately that happens, marketers will start dispensing and reducing the price,” Maigandi said.

Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) recently lowered its petrol price to N815 per liter at its retail outlets in Abuja amid an ongoing price competition in the country’s downstream sector. Even so, this price remains N76 higher than Dangote Refinery-backed MRS stations, which are selling at N739 per liter.

At the end of last year, Dangote Refinery slashed its petrol gantry price from N838 to N699 per liter, signaling the start of a nationwide petrol price war among major players in 2026. Currently, fuel prices across Nigerian filling stations range from N739 to N900 per liter, highlighting a significant price gap between Dangote-backed stations and other operators, including NNPCL.

While the price gap persists, most Nigerians have yet to benefit from cheaper fuel. With the planned direct sales from Dangote Refinery, IPMAN aims to make affordable petrol more accessible nationwide.