Filling Stations to Reduce Fuel Price by N50 as Dangote, Marketers Agree to Slash Prices [Video]

• Filling stations are set to reduce petrol prices by N50 per litre following a deal between marketers and Dangote Refinery
• The agreement with Dangote Refinery will allow marketers to buy fuel at a lower rate than imported products
• The Independent Petroleum Marketers Association of Nigeria (IPMAN) controls over 70% of the filling stations in Nigeria

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) announced that its members would soon reduce petrol prices by N50 per litre.

The new price follows an agreement between Dangote Refinery and the marketers for direct supply.

Abubakar Maigandi, IPMAN’s national president, disclosed the reduction plan while speaking on Channels Television.

He disclosed that Dangote Refinery has agreed to supply petrol directly to IPMAN members, with …