The Digest:
Dangote Petroleum Refinery has alleged that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) requested a N75 per litre increase in petrol and diesel prices to align with depot costs, a move that would push pump prices to N950 and N1,090, respectively.
Key Points
- DAPPMAN sought a N75/litre price increase to offset coastal logistics costs, amounting to ₦1.5 trillion annually.
- Dangote rejected the request, labeling it a subsidy burden that would ultimately be passed to Nigerians.
- The refinery accused marketers of importing 3.69 million metric tonnes of fuel despite local capacity, calling it “dumping.”
- Dangote affirmed its commitment to stabilizing prices and supporting President Tinubu’s economic reforms.
- The refinery maintains a 500-million-litre monthly closing stock and has exported over 3.2 million MT of fuel since June.
- Dangote challenged DAPPMAN to lift products directly from its gantry to avoid logistics markups.
- The refinery vowed to defend its stance legally amid threats and ultimatums from marketers.
The clash underscores deeper tensions between local refining capacity and entrenched import-dependent interests, with Nigerian consumers caught in the middle.
