Dangote refinery: Marketers want us to increase fuel pump price by N75

Dangote Petroleum Refinery has revealed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) requested the company to increase the price of petrol and diesel by N75 per litre, to allow its members to match the refinery’s gantry prices at their respective depots.

Dangote refinery stated that if implemented, this would result in the pump price of Premium Motor Spirit (PMS) and diesel rising to as high as N950 and N1,090 per litre, respectively, in some parts of Nigeria.

In a statement on Thursday, September 18, 2025, the refinery disclosed that although it offers petroleum products to marketers at its gantry price, DAPPMAN insists on taking delivery via coastal logistics, an option that would add N75 per litre in extra costs.

“We wish to make it clear that we have no intention of increasing our gantry price to accommodate such demands, nor are we willing to pay a subsidy of over N1.5 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 refinery said.

Dangote refinery said its refusal to meet DAPPMAN’s demand is the reason behind recent public criticism from some marketers.

Dangote refinery: Marketers demanded N1.5trn annual subsidy to match our gantry price

It assured Nigerians that it has the capacity to meet domestic demand and maintain export commitments, with a monthly closing stock of 500 million litres of refined products in its tanks.

“Between June and September, the refinery exported 3,229,881 metric tonnes of PMS, AGO, and aviation fuel, while marketers imported 3,687,828 metric tonnes in the same period — an act that amounts to dumping and is detrimental to the Nigerian economy,” Dangote refinery added.

Reaffirming its support for President Bola Tinubu’s reform agenda, the company highlighted its role in stabilising the naira, cushioning the effect of subsidy removal, positioning Nigeria as a refining hub, boosting foreign exchange earnings, and creating jobs across sectors.

It also reiterated its stance on its earlier statement about DAPPMAN, stressing that any aggrieved party is free to seek redress through legal means. The refinery added that it would not be intimidated by threats or seven-day ultimatums.

“Dangote Petroleum Refinery remains firmly committed to Nigeria’s progress and is open to partnerships with patriotic and responsible stakeholders in pursuit of national development,” the refinery stated.

The Star