Dangote Refinery has emerged as a major hub for fuel distribution in Nigeria following strategic adjustments aimed at improving affordability and accessibility of energy products across the country.
The refinery recently announced a reduction in the pump price of Premium Motor Spirit to ₦699 per litre, alongside a significant cut in the minimum purchase requirement from two million litres to 250,000 litres, measures described as part of efforts to stabilise supply, promote inclusivity and support national economic growth.
In addition to the price and volume adjustments, the refinery introduced a 10-day bank guarantee system to further reassure fuel marketers, a move designed to ensure uninterrupted supply and strengthen confidence in its operations.
Since the announcement, the response from fuel marketers has been substantial, with the refinery now recording over 1,000 trucks loading PMS daily from its gantry, reflecting growing market confidence in Dangote Refinery’s operational capacity and role in the downstream petroleum sector.
President of Dangote Group, Aliko Dangote, said: “Our goal has always been to make energy affordable and accessible for every Nigerian. By reducing prices and lowering the minimum purchase volume, we are empowering both large and small marketers to participate in the market, ensuring fuel reaches every corner of the country.”
The measures have opened the market to smaller operators, strengthened distribution networks and improved fuel availability nationwide. By lowering barriers to entry, the refinery is expanding participation in the sector, increasing competition and contributing to a more stable and affordable fuel supply chain.
Speaking to the press last week, Aliko Dangote reaffirmed his commitment to ensuring Nigerians benefit fully from domestic refining, stating that the company is working to ensure that recent reductions at the gantry are reflected at retail outlets. He stressed that the refinery project is driven by legacy rather than profit, noting that he could have invested $20 billion elsewhere if financial gain had been his sole objective.
It will be recalled that the Independent Petroleum Marketers Association of Nigeria on Thursday called on its members nationwide to patronise Dangote Refinery in the purchase of PMS, noting that the refinery currently offers the most affordable prices for marketers, even as free delivery is expected to commence in January 2026.
The association also expressed satisfaction with a recent agreement by Dangote Petroleum Refinery to begin the direct supply of Premium Motor Spirit to registered IPMAN members, in a statement signed by the IPMAN National President, Alhaji Abubakar Maigandi Shettima.
According to Shettima, “the association has the highest percentage of the supply chain of the PMS downstream sector, controlling over 80 per cent of the PMS retail market. We therefore declare that there will be no gap or scarcity in PMS supply to Nigerians.”
