- Fuel Importers Slash Petrol Prices Below Dangote Refinery Rates
- Marketers reject call for fuel import ban, support open competition.
- Dangote warns dumping of toxic, cheap fuel threatens local refining.
Petroleum importers in Nigeria have dropped petrol prices below those offered by Dangote Petroleum Refinery, intensifying competition in the downstream oil market.
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EKO HOT BLOG reports that as of Tuesday, some independent marketers were selling petrol as low as ₦847 per litre in Ogun State.
This contrasts with Dangote’s pump price, which stood between ₦865 and ₦875 through his distributors, such as MRS and Heyden.
The Dangote Refinery’s ex-depot rate was ₦820 per litre, while other depots like Aiteo and Menj were selling at ₦815–₦817, lower than NNPC’s ₦825 benchmark.
Chinedu Ukadike, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed the drop, describing it as a positive effect of fuel market liberalisation. “Some depot owners are selling at ₦815.
This is the benefit of liberalisation. Nobody should be stopped from importing petroleum products,” he said.
