The Independent Petroleum Marketers Association has stated that their members are already shifting away from the Nigerian National Petroleum Company Limited franchise for cheaper deals.

This is amid the state-owned oil firm and Dangote Refinery’s price war.

The spokesperson of the association, Chinedu Ukadike, made this known on Tuesday, February 4, 2025.

Recall that filling stations in Lagos have dropped the name of NNPCL. Also, Dangote Refinery, in a strategic move, just reduced its ex-depot premium motor spirit price to N850 from N950 per litre. The announcement sparked a fresh price war in the downstream sector.

Consequently, it was learnt that petroleum marketers are relinquishing their licence with NNPCL due to a reduction in the price of PMS from Dangote Refinery.

Ukadike shed more light on the development by saying: “Some marketers are changing and rebranding. Remember that there was a time NNPCL was the sole distributor and importer of petrol.

“So, marketers then gave their filling stations as franchises so that they could get products.

“So marketers normally give their companies to NNPCL to have petroleum products. But now that the game has changed, you can even see some marketers now changing to MRS filling stations, because MRS is now selling cheaper than any other station.”

Meanwhile, NNPCL spokesperson Olufemi Soneye is yet to respond to an enquiry on the development as of the time of filing this report.