The Dangote Group has rejected claims by the Depot and Petroleum Product Marketers Association of Nigeria (DAPPMAN) that its refinery sells petrol to international traders at lower prices than those offered to Nigerian marketers as cited by The Punch.
DAPPMAN’s Executive Secretary, Olufemi Adewole, alleged that some traders purchased Dangote petrol in Lomé, Togo, at N65 less per litre than what local marketers pay in Nigeria, making imports from Togo appear more cost-effective than direct purchases from the refinery.
In response, the Dangote Group described the claims as “misleading and inaccurate,” highlighting that the pump price in Togo is significantly higher than in Nigeria.
Don’t Miss This: Dangote Rolls Out CNG Trucks, Targets Cheaper Fuel Distribution
The company noted that the average price in Lomé is approximately 680 CFA francs per litre—equivalent to N1,826—well above Nigeria’s N865 per litre domestic rate.
The refinery also accused some marketers of engaging in “round-tripping,” where Nigerian-produced petrol is exported to Togo and re-imported at inflated prices.
Dangote emphasized that local partners benefit from incentives including volume discounts, credit facilities, and logistics support, ensuring affordable and reliable supply within
The group Nigeria further clarified that petrol pricing varies by purchase point, with Single Point Mooring (SPM) access being easier than land transport, which incurs higher risks and costs.
Dangote stressed that some marketers prioritize arbitrage opportunities over serving domestic consumers, diverting fuel to sub-regional markets with higher returns.
The dispute underscores ongoing tensions between Nigeria’s largest private refinery and petroleum marketers, highlighting the importance of resolving pricing disputes to maintain fuel supply stability and energy security in Africa’s leading oil-producing nation.
Image Credit: Punch Newspapers
