Nigerian petroleum marketers are demanding transparency from Dangote Refinery over its fuel pricing as the NNPCL announced new rates across the country. Marketers are also considering fuel imports to stabilize prices, citing concerns over Dangote’s production capacity, as domestic supply remains insufficient to meet national demand.
Petroleum marketers in Nigeria are raising concerns about the pricing of Premium Motor Spirit (PMS) from Dangote Refinery, following the Nigerian National Petroleum Company Limited’s (NNPCL) announcement of new fuel prices. Marketers, including the Petroleum Products Retail Outlets Owners Association (PETROAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN), are demanding that Dangote Refinery disclose its exact selling price to ensure transparency and fair pricing for consumers.
The controversy intensified after NNPCL revealed that Dangote Refinery sold petrol at N898 per liter, while petrol prices at NNPCL retail stations ranged from N950.22 per liter in Lagos to over N1,019 in Borno State. Independent marketers, however, have not been informed of the price at which they can purchase the product, creating uncertainty across the sector. This has led to fears of a fresh hike in petrol prices, potentially bringing the price to as high as N1,200 per liter at independent stations.
Industry leaders also voiced concerns about the limited domestic production capacity of Dangote Refinery, which produces 25 million liters of fuel daily—insufficient to meet Nigeria's daily consumption of 50 million liters. As a result, petroleum marketers are considering the option of importing fuel to bridge the gap and stabilize prices, warning that Nigeria cannot rely solely on domestic production to meet demand. The call for government intervention to revive other refineries remains strong to prevent further disruptions in the fuel supply chain.
