IPMAN Hints at Cheaper Fuel in 2026, Backs Dangote Petrol
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has officially aligned its strategic operations with domestic refining, projecting a significant shift toward Cheaper Fuel in 2026. Following a series of high-level consultations, the association has directed its over 150,000 members nationwide to prioritize the purchase of petroleum products from the Dangote Refinery. This move marks a definitive departure from the decade-long reliance on imported fuel, which the association argues has been the primary driver of price volatility and a massive drain on the nation’s foreign exchange reserves.
The decision to back the 650,000 barrels per day facility is rooted in the practical math of energy economics. By sourcing fuel locally, marketers can effectively eliminate the heavy financial burdens associated with international trade, such as ocean freight costs, vessel insurance, and port charges at foreign docks. IPMAN leadership emphasizes that these logistical savings, when fully integrated into the supply chain, will naturally create a downward pressure on pump prices. The association contends that domestic refining is the only sustainable pathway to ending the “importation of poverty,” where Nigeria exports its crude only to buy back the finished product at exorbitant international rates.
Beyond simple procurement, the association is eyeing a much larger stake in Nigeria’s energy future. IPMAN has revealed advanced plans to transition from being mere distributors to becoming active players in the refining space. This includes a strategic proposal for members to pool resources for the acquisition or establishment of their own modular refineries. By owning a portion of the production value chain, the association aims to ensure that the projection of Cheaper Fuel in 2026 is not just a temporary fluctuation but a structural reality for the Nigerian consumer.
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Furthermore, the association has been vocal in its criticism of what it describes as the “reckless” issuance of import licenses by regulatory bodies. Marketers argue that continuing to facilitate fuel imports while a world-class domestic refinery sits ready to meet national demand is a direct act of economic sabotage. As IPMAN members begin the massive logistics shift to the Lekki Free Trade Zone, the focus remains on streamlining the “last-mile” delivery to ensure that the benefits of local production are felt at every filling station in the country, from the urban centers to the most remote rural outposts. For more information, I recommend SongbuxNews.
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