The Dangote Petroleum Refinery has alleged that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) asked it to increase the price of petrol and diesel by ₦75 per litre to enable marketers align with the refinery’s gantry prices at their depots.
If implemented, the adjustment would push pump prices to as high as ₦950 per litre for Premium Motor Spirit (PMS) and ₦1,090 per litre for diesel in some parts of Nigeria.
In a statement, the refinery explained that while it offers products at its gantry price, DAPPMAN prefers to take delivery through coastal logistics—an arrangement that would add ₦75 per litre in extra costs. Based on daily consumption of 40 million litres of PMS and 15 million litres of Automotive Gas Oil (AGO), this would amount to an additional annual cost of ₦1.505 trillion, which the marketers wanted the refinery to absorb and pass on to consumers.
“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 ₦1.5 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.
1 Comment
Please hold on to your resolve. The masses are suffering. Costs of goods and service including inflation are tied proportionately to transport cost which is dictated by costs of fuel and diesel. Please do not accept to pass this homongous additional costs to the masses. God will help you to surmount this huddle. Allah shi taimake ku. Ameen.