The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed strong opposition to ongoing importation of Premium Motor Spirit (PMS), insisting that domestic refining is sufficient to meet national demand.
Addressing recent media reports linking the surge in November 2025 petrol imports to alleged supply breakdowns between Dangote Refinery and petroleum marketers, IPMAN described such claims as inaccurate and misleading. The association stated that since Dangote Refinery commenced operations, product availability has improved significantly across the country.
“Our members fully support Dangote Refinery,” said IPMAN National President, Abubakar Maigandi Shettima. “Since supply began, marketers have consistently lifted products without complaints. We oppose continued importation because Dangote Refinery has the capacity to meet the country’s entire PMS demand.”
Dangote Refinery also dismissed the reports as baseless. In a statement, the refinery clarified that no supply agreement had collapsed. Since October 2025, the refinery has supplied PMS to marketers, starting at 600 million litres, increasing to 900 million litres in November, and reaching 1.5 billion litres in December. Daily loading has ranged between 31 million and 48 million litres, depending on market demand, with records maintained under regulatory oversight.
To broaden access, the refinery reduced minimum purchase volumes from two million to 250,000 litres and introduced a 10-day credit facility, supporting smaller operators and reducing reliance on imports. Dangote Refinery emphasized that its ex-gantry prices are competitive, market-responsive, and lower than imported alternatives.
The refinery also clarified that November’s import surge resulted from licensing approvals beyond domestic demand and not from operational shortfalls. Both IPMAN and Dangote Refinery reaffirmed their commitment to domestic refining, ensuring reliable supply, competitive pricing, foreign exchange conservation, and long-term energy security.
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