Some of the independent marketers partnering with Dangote Refinery may vend the pump prices of the Premium Motor Spirit (PMS) below N739 per litre very soon, The Nation learnt yesterday.

It was also learnt that the refinery commenced the virtual training of the affiliate retail outlets staff on Tuesday.

Soon after the training, the refinery will commence the free direct delivery of products to the filling stations that are affiliated to it.

Some of the partnering companies are MRS, Ardova Petroleum (AP), Garima, Heyden, and Optimal.

The Nation reported in December that the partners aside from MRS were yet to sell petrol at the refinery’s rate because they were yet to receive the product from the direct delivery.

Speaking with The Nation on phone on Tuesday, the Independent Petroleum Marketers Association of Nigeria (IPMAN), National President, Alhaji Abubakar Maigandi revealed that owing to the profit margin between the N699 per litre gantry rate and the N739/l, it is possible for some of the independent partners of the refinery to sell the product below N739/ litre.

His words: “Some of the independent marketers that will take the free delivery from Dangote may sell it lower than N739/l.

“ If you check the gantry rate of N699/l, there is over N25/l profit that makes the adjustment easy in a competitive market.”

The Nation observed that the petrol market in the Federal Capital Territory (FCT) hovered around N739 to N930 per litre.


While MRS vended the product at N739/l with relative queues, A.A. Rano sold it at N840/litre as Total maintained N920/litre and other independent marketers sold it for N930/ litre and so on.

The product was accessible hitch-free from the other retail outlets in accordance with the market fundamentals.