NNPC, marketers oppose Dangote’s bid to halt fuel imports

The Nigerian National Petroleum Company Limited has asked a Federal High Court in Lagos to dismiss a suit by the Dangote Petroleum Refinery and Petrochemicals seeking to stop fuel import licences.

In its filing, the NNPC argued that Dangote’s fuel prices are high and fluctuate, warning that granting the request could create a monopoly and threaten Nigeria’s energy security.

The refinery, owned by Aliko Dangote, is challenging licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, insisting local production can meet demand.

However, the NNPC said there is no verifiable evidence the refinery can supply the entire country, stressing that imports remain necessary to prevent shortages.

Oil marketers under Petroleum Products Retail Outlet Owners Association of Nigeria backed the NNPC, saying competition is key to lowering prices and avoiding supply disruptions.

The case reflects growing tensions in Nigeria’s deregulated oil market, where refiners and importers are battling for control of supply and pricing.