IPMAN Challenges Import Licences as Dangote Refinery Sells Petrol 20% Cheaper

In a voice note to journalists in Abuja, IPMAN’s National Publicity Secretary warned that granting new licences for petroleum imports is fuelling price swings and straining the naira. He noted that imported petrol lands at about ₦1,350 per litre—roughly 20% more than the price at Dangote Refinery—making those imports uneconomical. He urged the Federal Government to task the Nigerian Midstream and Downstream Petroleum Regulatory Authority with reviewing the import licensing regime. He argued that local refinement has secured a continuous fuel supply and should be championed to stabilise prices and protect the currency. IPMAN called for stronger backing of both private and government-owned refineries to enhance energy security, ensure adequate domestic supply, and generate export revenue.

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