Q4 petrol imports must lower pump prices — IPMAN

By Obas Esiedesa, Abuja
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the Federal Government’s approval of 830,000 metric tonnes of Premium Motor Spirit, PMS, imports for the fourth quarter of 2026 must translate into stronger competition and lower petrol prices for consumers.
IPMAN’s Public Relations Officer, Chief Chinedu Ukadike, said the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, acted within its statutory mandate by issuing the import licences.
He, however, 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 refiner...