The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to take action to help mitigate the rising fuel prices linked to the operations of Dangote Refinery. This appeal was made by IPMAN's National President, Abubakar Maigandi, during an interview on Tuesday, as fuel prices in Abuja and its surrounding areas surged to between N1,310 and N1,345 per litre.

The increase in retail petrol prices follows a recent hike in gantry and ex-depot prices implemented by Dangote Refinery and other depot owners. Maigandi expressed concern over the impact of these price increases on consumers and urged the government to intervene in the situation.

In his remarks, Maigandi emphasized that the government's involvement should not be misconstrued as a return to fuel subsidies but rather as a necessary measure to stabilize the market. He stated, "We are appealing to the Federal Government to broker a deal with Dangote Refinery to reduce fuel prices. The government should intervene with Nigerian refiners, and this will lead to a reduction in fuel prices. It is different from fuel subsidy. In a situation where there is difficulty, the government should step in."

The call for intervention comes at a time when many Nigerians are feeling the financial strain of increased fuel costs, which have a ripple effect on transportation and goods prices across the country. The rising fuel prices have sparked concerns about inflation and the overall economic impact on households.

IPMAN's appeal highlights the critical role that government action can play in the downstream petroleum sector. By negotiating with Dangote Refinery, the government could potentially facilitate a reduction in fuel prices, thereby easing the burden on consumers and businesses alike.

As the situation develops, the response from the Federal Government will be crucial in determining the future of fuel pricing and its implications for the Nigerian economy.