The management of Dangote Refinery has announced competitive pricing for its petrol, offering N960 per liter for supply via ships and N990 per liter via trucks, a decision it says aligns with international market rates.
This pricing adjustment was revealed on Sunday by Anthony Chiejina, the refinery’s spokesperson, amidst ongoing pricing disputes with fuel marketers who argue that imported petrol is available at a lower price than the refinery’s rates.
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Chiejina clarified that Dangote Refinery, which has a production capacity of 650,000 barrels per day (bpd), had set these prices following the deregulation led by the Nigerian National Petroleum Company Limited (NNPC).
He noted that while NNPC set its prices at N971 per liter for ship-based sales and N990 for truck-based deliveries, Dangote Refinery chose to price its ship-based sales lower, at N960 per liter, while matching the NNPC’s truck-based rate of N990.
“We have refrained from media disputes, but misinformation by IPMAN, PETROAN, and other groups has made a response necessary,” Chiejina stated. Both groups claim they can import PMS at lower prices, but our prices are benchmarked internationally and remain competitive.
Further addressing the concerns, Chiejina warned that any imported petrol priced below Dangote’s rates is likely substandard, as Nigeria’s regulatory body, NMDPRA, lacks the necessary laboratory facilities to verify fuel quality.
He accused some importers of undermining public safety by flooding the market with low-quality fuel, which he argued harms vehicles and machinery.
Additionally, Chiejina emphasized the importance of supporting domestic industries. “Protecting local industries is common practice worldwide,” he said, citing high tariffs in the U.S. and Europe on EVs and microchips as examples of economic protectionism. “We should ensure similar protections to sustain jobs and bolster the Nigerian economy,” he added.
