Amid worsening supply challenges and rising pump prices, petroleum marketers have begun moves to import petrol independently as the price of the commodity closes in on N1,000 per litre mark across major cities in the country.
Marketers said supply constraints and production glitches at the Dangote Petroleum Refinery sparked fresh pressure in the downstream oil market.
The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, confirmed the development in an interview with newsmen yesterday, October 14,2025.
According to him, members of the Depot and Petroleum Products Marketers Association of Nigeria are concluding arrangements to begin petrol importation as part of efforts to stabilise retail prices.
He assured that petrol prices would soon drop as competition returns to the market, and if additional competition is brought into the sector.