NewStats: 3,262,145 , 8,176,192 topics. Date: Saturday, 31 May 2025 at 10:46 PM 5ce5q

By Ogaga Ariemu


The Independent Petroleum Marketers Association has revealed that Dangote Refinery’s motor spirit price drops to control the country’s petroleum downstream sector.

The spokesperson of IPMAN, Chinedu Ukadike, disclosed this Thursday in an exclusive interview with DAILY POST.

His comments came as Dangote Refinery announced a fresh N15 retail fuel price drop nationwide.

According to Dangote Refinery’s fresh price template, its retail partners, such as MRS, Ardova PLC, Optima, and others, would sell petrol between N875 and N905 per litre, from N890 to N920 nationwide announced in April 2025.

Reacting, Ukadike said the president of Dangote Refinery, Aliko Dangote, is using the fuel price war to take control of the buying and distribution of petroleum products in Nigeria.

According to him, Dangote has shown the capacity to rattle fuel importers in Nigeria.

He, however, said that petroleum marketers have been left with a lose-win situation following the price fluctuation.

He added marketers may have to lose between N20 and 25 per litre if they are to revert to the latest price reduction.

“Dangote wants to use fuel price drops to tell Nigerians who his master is in the business downstream. The downstream petroleum market is very competitive. He has decided to use the price war to ensure he holds firm on the buying and distribution of petroleum products in Nigeria.

“The price war has started, and importers should gear up to see if they can get the products cheaper than Dangote Refinery’s offer.

“For us, the independent marketers, it is a lose-win situation.

“The loss is that those who have already gotten petrol products from Dangote Refinery or its partnership will have to lose a N20 to N25 margin per litre and revert to the new price. Well, I also know that the indices of the market would be able to allow us to sell out our old stock for balance of trade,” he told DAILY POST.

DAILY POST reports that from April to date 2025, the 650,000 barrels per day Dangote Refinery had announced at least two fuel price cuts after the Federal Government reinstated its commitment to the Naira-for-crude deal.

https://dailypost.ng/2025/05/22/real-reason-for-dangote-refinerys-fresh-fuel-price-drop-ipman/

Lol, all the decades that IPMAN took control of the buying and distribution of petroleum products in Nigeria, they never reduced price by 1 naira. They should keep quiet and go and line up abeg.

Good

Keep dropping the price till 87 naira

Wetin drop


Water?💧

I swaer I'm confused!

I no understand someone should please explain

They should continue the price war till petrol gets down to less than #500.

God bless Nigeria 🇳🇬.

Who cares! Who cares!!

Can't this IPMAN consider building their own refinery if they do not like Dangotte? Must they import?

It should be reduced further, fuel produced in Ibeju Lekki Lagos should be lesser than what we are buying it. By the way where is NNPC?

Where's all our working propaganda refineries

So you want Nigerians to cry because Dangote is reducing the price of fuel ⛽

Dangote gaining control is dangerous
Once he gains control and pushes everybody else out of business...

He is going to start dealing with the buyers

Waiting for it to be 300 Naira before 2027

I think the so called Marketers need to be checked into a psychiatric centre

Business distribution is all about sourcing for lowest price, From all indications importation is unfavourable for now, why are the Marketers so hell bent on avoiding Dangote whose Price is best option for now

The Monopoly arguement makes no logical sense, Dangote and Marketers are not on the same pedestral, dangote as a producer dictate price while marketer are subject of Price dictation from where ever source

Only a producers or refinery can go into a Price war with Dangote ... not yeye distributor

I created this thread below, but Seun's Bot Banned me and deleted the thread.


Seun please work harder.

Good one. There is price war and competition among the players in this industry.

Dangote wil not happy with what is happening in downstream sector.

His expectation while building the refinery was that he would be made the sole supplier of fuel to the country.


He was able to be licensed to build the refinery because the upstream sector was deregulated and decentralized but he doesn't want the same for the downstream sector so as to enjoy monopoly and exploit Nigerians

That was the reason why he was spreading this adulterated fuel importation propaganda when he just commissioned his refinery.


We Nigerians are for LOW PRICE...Not for IPMAN and not NNPC and not for DANGOTE...No Nigerian will fight dangote fight for him

Skyjones7:
Keep dropping the price till 87 naira

he go surprise you say once all those marketers submit to Dangote, and stop importing

Dangote can increase the price to ₦3000 per litre

Don't trust That man we shouldn't forgot cement scenario in an hurry 😏

Islie:


The spokesperson of IPMAN, Chinedu Ukadike, disclosed this Thursday in an exclusive interview with DAILY POST.

https://dailypost.ng/2025/05/22/real-reason-for-dangote-refinerys-fresh-fuel-price-drop-ipman/

This is why rent seeking should never be called business. They had long years to pool resources and build a refinery but they want to continue to be rentseekers even when it was getting increasingly clear that FG was going to scrap pms subsidy some day. Smh.

This is why it's good to go to school so you can understand how educated and intelligent government thinks.

Nice .


https://www.youtube.com/watch?v=eiVBOD0FhpI?si=bHeVZLj9ldonaMhj

Please who can make sense of the gibberish the IPMAN representative said above?

9jatriot:
Can't this IPMAN consider building their own refinery if they do not like Dangotte? Must they import?

Sounds like a good piece of advice to me.

victorDanladi:
Dangote wil not happy with what is happening in downstream sector.

His expectation while building the refinery was that he would be made the sole supplier of fuel to the country.


He was able to be licensed to build the refinery because the upstream sector was deregulation and decentralized but he doesn't want the same for the downstream sector so as to enjoy monopoly and exploit Nigerians

That was the reason he was spreading this adulterated fuel importation propaganda when he just commissioned his refinery.


We Nigerians are for LOW PRICE...Not for IPMAN and not NNPC and not for DANGOTE...No Nigerian will fight dangote fight for him

Let him continue dropping the price. But government should keep an eye on things and must step in when necessary to prevent a monopoly. If the NNPC refineries are not working (as they don't seem to be), I doubt government can really do much though. Let's hope BUA and other refineries come on stream soon.

Since IPMAN is worried,they should buy from dangote and rest🤷🏻‍♂️

Dangote is doing good. IPMAN should face their front.

Really

Thewrath:
Since IPMAN is worried,they should buy from dangote and rest🤷🏻‍♂️

Yeah, but that creates a real prospect of monopoly.

These are the same people who never reduced price by a kobo. They suddenly found a voice, these are the plunderers in connivance with other groups who want to rip Nigerians and hang them outside to dry..

It's a very healthy competition, make una continue to die price war, it's beneficial to Nigerians.

Imagine what wld happen when other refineries are complete.

I wonder the president that started paying of petrol subsidy in Nigeria, tropical Nigerian, always want the easy way out. Instead of building and maintaining a refinery they preferred to be paying subsidy.

May you never be on same page.

should try get it at N700