The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the Federal Government's approval of 830,000 metric tonnes of Premium Motor Spirit (PMS) imports for the fourth quarter of 2026 must lead to stronger competition and lower petrol prices for consumers. IPMAN's Public Relations Officer, Chief Chinedu Ukadike, noted that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) acted within its statutory mandate by issuing the import licences. However, he said the impact of the imports would depend on whether the approved marketers could bring in products capable of competing with petrol supplied by domestic refineries, particularly the Dangote Petroleum Refinery. Ukadike added that the issuance of import licences does not guarantee actual availability of the product.
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