• About Us
  • Contact Us
  • Privacy & Policy
Monday, June 30, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Independent Dealers Sign Up with Dangote Refinery, Stabilize Diesel Prices

Vincent Amadi by Vincent Amadi
June 17, 2024
in Economy, News
Reading Time: 3 mins read
A A
0
Independent Dealers Sign Up with Dangote Refinery, Stabilize Diesel Prices
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


Less than three months after Dangote Oil Refinery began its product rollout, independent dealers have already bottled and distributed over 25 million litres of diesel.
It was reported on Saturday that the refinery was still registering oil traders. This ongoing registration is in preparation for the facility’s planned launch of Premium Motor Spirit (PMS), also known as gasoline, in July. Dealers are gearing up to start distributing PMS from the refinery as soon as it is available.
The Independent Petroleum Marketers Association of Nigeria, the Major Petroleum Marketers Association of Nigeria, and the Petroleum Products Retail Shop Owners Association of Nigeria all confirmed that their members have registered with the Lagos refinery.
They also confirmed that the continuous take-off of diesel from the Dangote Refinery has contributed to the stabilization of diesel prices and ensured steady supply since the plant began production in March this year.
Since the Dangote Refinery began supplying diesel to the Nigerian market in late March 2024, the price of diesel has fallen from about N1,800 to N1,200 per litre, and the availability of the product has remained consistent across the country.

National Publicity Head of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Ukadike Chinedu, reported that IPMAN members have distributed over 25 million litres of Automotive Gas Oil (AGO) from the Dangote Refinery across the country.
“Independent marketers are signing up with Dangote and many of us get a lot of our products from Dangote depots, I know a number of marketers who are signed up with Dangote Refinery.”
“I can also confirm that independent traders have loaded over 25 million litres of diesel since the refinery began selling diesel domestically to operators in Nigeria’s downstream oil sector,” Ukadike said.
On April 2, 2024, oil traders announced that Dangote Refinery had begun selling diesel in the local market. Both dealers and plant representatives confirmed the news, saying diesel sales from the refinery began the previous week.
“They started supplying diesel to dealers last week and will be selling aviation fuel shortly. Some of my members have already confirmed purchases,” IPMAN National Chairman Abubakar Maigandi said in an interview.
Maigandi also noted that Dangote’s entry into the diesel market would bring down prices, noting that diesel prices had risen to about N1,700 per litre at the time. “The price of diesel will come down because of the product of the Dangote refinery. It is already sinking in Lagos,” Maigandi explained.


Dangote refinery officials have not commented on the ongoing issues at the plant. However, traders report that market participants are eagerly awaiting the release of gasoline from the refinery.
They believe that this measure could bring down the price of petrol significantly. “Traders are loading more product from the factory as the Group Chairman said the PMS is expected to be launched in July and we cannot wait for the start of delivery of the PMS from the refinery,” Ukadike explained.
“I must say it is good to know that the completion of the PMS for deliveries from this facility is nearing because diesel prices have not crossed N1,200 per litre since Dangote diesel hit the market. Even in the far northern states, independent dealers are selling diesel at the pump for N1,200 per litre.”
“That means that with Dangote’s arrival, the sharp rise in diesel prices has slowed down. Now, we are expecting a PMS by July, which will halt the importation of petroleum products,” he added.

Tags: businessnigeriaTinubu
Vincent Amadi

Vincent Amadi

Related Posts

US based Nigerian CEO arrested in US for fraud and  money laundering
News

US based Nigerian CEO arrested in US for fraud and money laundering

3 days ago
Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

3 days ago
Peter Obi Slams Tinubu Over Deepening Lawlessness, Cites Demolition of Brother’s Property in Lagos
News

Lagos State Government Denies Demolishing Property Allegedly owned to Peter Obi’s Brother, Orders Investigation

4 days ago
Gospel Artist sentenced to Death for beheading NYSC Girlfriend
News

Gospel Artist sentenced to Death for beheading NYSC Girlfriend

4 days ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Comrade Babangida Declares for NYCN Presidency, Promises Sweeping Reforms and Youth Reawakening
National

Comrade Babangida Declares for NYCN Presidency, Promises Sweeping Reforms and Youth Reawakening

2 days ago
Fubara, Wike, and Amaewhule Reunite in Rivers State Following Presidential Reconciliation
National

Fubara, Wike, and Amaewhule Reunite in Rivers State Following Presidential Reconciliation

2 days ago
Alhaji Aminu Dantata Dies at 91, Tributes Pour in for Kano Business Icon
National

Alhaji Aminu Dantata Dies at 91, Tributes Pour in for Kano Business Icon

2 days ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

3 days ago
Breaking News: APC National Chairman Ganduje Resigns
National

Breaking News: APC National Chairman Ganduje Resigns

3 days ago
Tinubu Probes Wike for alleged allocation of 2,082 Hectares of Abuja Land to Son
National

Tinubu Probes Wike for alleged allocation of 2,082 Hectares of Abuja Land to Son

3 days ago

POLITICS

David Mark emerges coalition’s ADC interim national chairman

David Mark emerges coalition’s ADC interim national chairman

20 hours ago
Peter Obi urges Northern leaders to invest in education to tackle poverty

2027 elections: Coalition to reveal adopted party this week

20 hours ago
PDP Crisis Deepens as NWC Members Reject Anyanwu

PDP Crisis Deepens as NWC Members Reject Anyanwu

4 days ago
President Tinubu should Declare State of Emergency in Benue – Security expert Babaeko

2027 ELECTIONS: Tinubu Dismisses 2027 Coalition, Calls Opponents Political IDPs

4 days ago
INEC Receives 110 Applications from Associations Seeking Registration as Political Parties Ahead of 2027 Elections(see list)

INEC Receives 110 Applications from Associations Seeking Registration as Political Parties Ahead of 2027 Elections(see list)

5 days ago
PDP Crisis: PDP Confirms Samuel Anyanwu as National Secretary

PDP Crisis: PDP Confirms Samuel Anyanwu as National Secretary

5 days ago

YOUR ECONOMY

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

3 days ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

1 week ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

2 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

2 weeks ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Dangote Refinery Begins Distribution of Petrol Nationwide

2 weeks ago
Nigeria Stock Exchange to Partner with Hong Kong’s Stock market
Economy

Nigeria Stock Exchange to Partner with Hong Kong’s Stock market

3 weeks ago

E & P

Luis Enrique: We Can’t Stop Messi Without a Collective Effort
Sports

Luis Enrique: We Can’t Stop Messi Without a Collective Effort

by Steven Atogi
19 hours ago
0

Paris Saint Germain (PSG) will face Inter Miami tonight in the highly anticipated Club World Cup match. PSG coach Luis...

Fenerbahçe Closes In on €10M Transfer Deal for Colombian Striker Jhon Durán

Fenerbahçe Closes In on €10M Transfer Deal for Colombian Striker Jhon Durán

2 days ago
Brighton FC signs Super Falcons goalkeeper Chiamaka Nnadozie

Brighton FC signs Super Falcons goalkeeper Chiamaka Nnadozie

2 days ago
Breaking: NAPTIP declares Speed Darlington wanted

Breaking: NAPTIP declares Speed Darlington wanted

3 days ago
Cristiano Ronaldo Extends Al Nassr Contract, Commits to Saudi Pro League Project Until 2027

Cristiano Ronaldo Extends Al Nassr Contract, Commits to Saudi Pro League Project Until 2027

4 days ago
MultiChoice Slashes DStv Decoder Price by 50%

MultiChoice Slashes DStv Decoder Price by 50%

5 days ago

YOUR THOUGHT & HISTORY

Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
3 days ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
5 days ago
ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
4 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
5 months ago
The Transformative Power of AI in Revolutionizing Industries and Empowering Growth
Columns

The Transformative Power of AI in Revolutionizing Industries and Empowering Growth

by Blessing Chinyere Daniel
7 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Luis Enrique: We Can’t Stop Messi Without a Collective Effort

Luis Enrique: We Can’t Stop Messi Without a Collective Effort

June 30, 2025
David Mark emerges coalition’s ADC interim national chairman

David Mark emerges coalition’s ADC interim national chairman

June 30, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address