Dangote (2).webp

The Digest:

Aliko Dangote has announced that filling stations, including MRS outlets, will begin dispensing petrol at ₦739 per litre in Lagos from Tuesday, following his refinery's ex-depot price reduction to ₦699.

Key Points:
  • Dangote set a target of keeping petrol below ₦740 nationwide in December and January.
  • He urged IPMAN members to buy at ₦699 per litre for bulk purchases of 10 trucks or more.
  • The refinery’s latest cut marks its 20th price adjustment this year.
  • Dangote criticized NMDPRA for “reckless licensing” of import quotas, which he sees as sabotage.
  • He revealed that NNPC supplies only 4.5–5 million barrels per month, less than a third of the refinery’s needs.
  • The industrialist vowed to list the refinery on the stock exchange, allowing Nigerians to own shares without a cap.
  • He alleged sabotage by machine manufacturers and compared the oil sector mafia to drug cartels.
As Dangote positions his refinery as a national saviour, the price war reveals deeper currents of market control, regulatory friction, and a high-stakes struggle to redefine Nigeria’s energy independence.

Sources: Daily Trust, Dangote’s press briefing at Lekki Refinery