Key Points:
- IPMAN says members will raise petrol pump prices on Monday. The group links the move to Dangote’s stop on naira sales.
- Marketers got an email about the switch late on Friday. The stop takes effect on Sunday, 28 September 2025.
- Current prices stand near ₦865 in Lagos and ₦910 in Abuja. IPMAN says costs will climb if Abuja does not step in.
Independent Petroleum Marketers of Nigeria has set fresh plans. The group says members will lift pump prices from Monday. The push comes right after a key change at Dangote Refinery. The plant will no longer sell petrol in naira for now.
Abubakar Maigandi spoke with DAILY POST on Saturday. He is the IPMAN National President. He said marketers got a late Friday email from Dangote. The note said the plant would stop naira sales from Sunday.
Email to marketers and likely pump costs
Maigandi set out what now comes next. “Yes, we got the email,” he said. “Our members will raise prices on Monday if nothing changes.” He urged Abuja to act fast and fix crude supply plans. He wants a clear naira crude share for local buyers.
Prices will now edge past key city marks. Lagos pumps sell near ₦865 per litre today. Abuja pumps sell near ₦910 per litre today. “Costs will go up if the plan stays,” he warned.
Earlier today, our site covered the refinery switch. Read our report on the halt naira petrol sales. That piece notes the plant tied the move to dollar crude buys. It also said a return to naira sales may come soon.
The refinery’s email set clear dates for all buyers. The stop on naira sales starts on Sunday, 28 September. Marketers, depots, and bulk users must now pay in dollars. IPMAN says that change will push fresh cost at the pump.
Crude-for-naira deal and union row context
The crude-for-naira deal began on 1 October 2024. Abuja said in April 2025 that the deal would run on. That plan aimed to cut costs for the new plant. It also aimed to help bring down pump prices for homes.
The plant now says its naira crude share has run out. So, it paused naira sales for a short stretch. IPMAN calls for a fast fix from Abuja. The group says a new share will help cool prices.
Meanwhile, a union row also clouds the plant’s month. PENGASSAN says the firm sacked 800 staff without fair cause. Dangote’s team has pushed back at that claim. See our report on the refinery–union job cuts row.
Marketers now wait on Abuja for next steps. If the government restores naira crude shares, prices may steady. If not, buyers should brace for higher pump costs. IPMAN says it will watch events and guide members.
At the time, Maigandi kept his plea short. “If Abuja steps in, we can hold the line,” he said. “If not, we change the boards on Monday morning.” He said the plan will start on 29 September nationwide. He urged calm while talks go on through the weekend.
