Categories: BusinessNews

DAPPMAN faults Dangote refinery over fuel pricing practices  

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has accused the Dangote Petroleum Refinery of engaging in practices that distort the local fuel market, alleging that its recent price cuts are designed to undercut competition rather than serve national interests.

In a statement signed by its Executive Secretary, Olufemi Adewole, DAPPMAN claimed the refinery deliberately reduces prices whenever other importers have cargoes at sea or in storage, a move that exposes marketers to significant financial losses.

The group argued that such actions weaken healthy competition in a sector still adjusting to the realities of deregulation.

DAPPMAN also alleged that Dangote sells fuel at lower prices to international buyers than to local marketers, describing the move as inconsistent with its public stance of prioritizing Nigerians.

“These pricing patterns place unnecessary pressure on domestic businesses already operating on thin margins,” Adewole stated.

On product quality, the association rejected suggestions that marketers deal in substandard fuel, stressing that all imports are subjected to tests in regulator-accredited laboratories under the supervision of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

It further alleged that the refinery itself had sought waivers to distribute products with sulphur levels above approved standards, raising questions about its position on fuel quality.

While acknowledging the Dangote Refinery as a milestone project, DAPPMAN insisted that Nigeria’s energy security cannot rely solely on one facility.

“The refinery is a valuable contributor, but not a messiah,” the association said, warning that portraying Dangote as the dominant player risks discouraging investment and eroding confidence in the sector.

DAPPMAN urged for fair recognition of all players in the fuel supply chain, including marketers, depot operators, transporters, and regulators, whom it credited with sustaining fuel availability over the years despite numerous challenges.

LUKMAN ABDULMALIK

Recent Posts

Bird strike grounds 3 United Nigeria aircraft in two days

United Nigeria Airlines says three aircraft in its fleet have been grounded in the last…

2 hours ago

Dangote refinery to sell 10% stake via Pan-African IPO

The Dangote Group has announced plans to sell a 10 per cent stake in its…

2 hours ago

Vigilante kills girlfriend, wounds two others in Abia

The Abia State Police Command has launched a manhunt for a local vigilante member who…

3 hours ago

FG acts as airlines threaten shutdown over fuel hike

Aviation Minister Festus Keyamo has appealed to domestic airlines to suspend plans to halt flight…

3 hours ago

EPL fixtures: Man City host Arsenal as Chelsea face Man United

Title-chasing Manchester City face leaders Arsenal in a seismic showdown at the top of the…

3 hours ago

Army dismantles oil theft syndicate along Lagos waterways, arrests 15

Troops of the Nigerian Army have broken up a suspected large-scale oil bunkering syndicate operating…

3 hours ago

This website uses cookies.