The Dangote Petroleum Refinery “has rejected a request by the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, to raise the price of petrol and diesel by ₦75 per litre.”
In a statement on Thursday, the refinery explained that the marketers wanted the price increase to “enable them to sell products from their depots at higher rates,” rather than lifting them directly from the refinery’s gantry.
Dangote stated that granting this request would increase the pump price of petrol to “about ₦950 per litre and diesel to ₦1,090 per litre in some parts of the country.”
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The additional ₦75 per litre, which marketers tied to “coastal logistics costs,” would amount to “over ₦1.5 trillion annually” based on Nigeria’s average daily consumption of 40 million litres of petrol and 15 million litres of diesel.
The refinery confirmed it would not grant the request, saying, “We have no intention of increasing our gantry price to accommodate such demands, nor are we willing to pay a subsidy of over ₦1.5 trillion—a practice that historically defrauded the Federal Government for many years.
“DAPPMAN and other marketers are welcome to lift products directly from our gantry and benefit from our logistics-free initiative,” the statement read.
The refinery added that its direct sales system was designed to cut costs for consumers and warned against attempts to impose “extra charges that would worsen fuel prices across the country.”
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