- Dangote refinery petrol prices are at the centre of a heated debate between the company and Nigerian fuel marketers.
- The company accuses some marketers of round-tripping and exploiting arbitrage opportunities.
Dangote refinery petrol prices are at the centre of a heated debate between the company and Nigerian fuel marketers. The refinery has strongly denied allegations that it sells petrol to international traders at cheaper rates than Nigerian buyers.
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) had claimed otherwise. Its Executive Secretary, Olufemi Adewole, alleged that members could purchase Dangote petrol through Lomé, Togo traders at ₦65 less than Nigerian rates. He even claimed that some marketers re-imported such products into Nigeria.
However, Dangote Group issued a firm response. The company described the claims as misleading and inaccurate. It stressed that pump prices in Togo are actually higher than in Nigeria. According to Dangote, a simple check shows that petrol in Lomé costs about 680 CFA francs per litre, which equals ₦1,826.
Furthermore, the refinery stated that Nigeria remains its primary focus, despite importing more than 60% of crude oil for processing. The company argued that Nigerian partners benefit from discounts, credit facilities, and logistics support, which foreign traders do not receive.
Dangote also accused some marketers of round-tripping. They allegedly buy petrol locally, route it through Togo, and then re-import it at inflated prices. This practice, the company argued, does not serve Nigerian consumers but exploits regional arbitrage opportunities.
The refinery further explained that price differences may arise depending on whether marketers lift products directly from the gantry or the Single Point Mooring facility. It insisted that genuine domestic partners already enjoy fair terms designed to improve local supply.
Dangote refinery petrol prices, therefore, reflect a commitment to transparency and stability in Nigeria’s fuel market. The company urged marketers to partner directly and avoid misleading claims that damage public trust.