MarketAlert – Real-Time Market & Crypto News, Analysis & AlertsMarketAlert – Real-Time Market & Crypto News, Analysis & Alerts
Font ResizerAa
  • Crypto News
    • Altcoins
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
    • Press Releases
    • Latest News
  • Blockchain Technology
    • Blockchain Developments
    • Blockchain Security
    • Layer 2 Solutions
    • Smart Contracts
  • Interviews
    • Crypto Investor Interviews
    • Developer Interviews
    • Founder Interviews
    • Industry Leader Insights
  • Regulations & Policies
    • Country-Specific Regulations
    • Crypto Taxation
    • Global Regulations
    • Government Policies
  • Learn
    • Crypto for Beginners
    • DeFi Guides
    • NFT Guides
    • Staking Guides
    • Trading Strategies
  • Research & Analysis
    • Blockchain Research
    • Coin Research
    • DeFi Research
    • Market Analysis
    • Regulation Reports
Reading: Dangote fuel cheaper abroad – Importers
Share
Font ResizerAa
MarketAlert – Real-Time Market & Crypto News, Analysis & AlertsMarketAlert – Real-Time Market & Crypto News, Analysis & Alerts
Search
  • Crypto News
    • Altcoins
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
    • Press Releases
    • Latest News
  • Blockchain Technology
    • Blockchain Developments
    • Blockchain Security
    • Layer 2 Solutions
    • Smart Contracts
  • Interviews
    • Crypto Investor Interviews
    • Developer Interviews
    • Founder Interviews
    • Industry Leader Insights
  • Regulations & Policies
    • Country-Specific Regulations
    • Crypto Taxation
    • Global Regulations
    • Government Policies
  • Learn
    • Crypto for Beginners
    • DeFi Guides
    • NFT Guides
    • Staking Guides
    • Trading Strategies
  • Research & Analysis
    • Blockchain Research
    • Coin Research
    • DeFi Research
    • Market Analysis
    • Regulation Reports
Have an existing account? Sign In
Follow US
© Market Alert News. All Rights Reserved.
  • bitcoinBitcoin(BTC)$66,992.000.89%
  • ethereumEthereum(ETH)$1,949.110.24%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$1.41-0.97%
  • binancecoinBNB(BNB)$608.380.51%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$82.010.65%
  • tronTRON(TRX)$0.2847532.02%
  • dogecoinDogecoin(DOGE)$0.098022-0.81%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.02-0.78%
Interviews

Dangote fuel cheaper abroad – Importers

Last updated: September 14, 2025 2:00 pm
Published: 5 months ago
Share

Some petroleum importers have accused the Dangote refinery of selling petrol to international traders at lower prices than to Nigerian marketers.

The Depot and Petroleum Product Marketers Association of Nigeria (DAPPMAN) and the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) confirmed the development in separate exclusive interviews by The PUNCH.

The Dangote refinery recently announced a cut in petrol prices from N865 to N841 per litre in Lagos and the South West, and N851 in Abuja, Edo and Kwara, alongside the rollout of its direct fuel distribution scheme.

DAPPMAN Executive Secretary, Olufemi Adewole, said members of the group had been forced to buy Dangote’s petrol from international traders in Lomé, Togo, at cheaper rates.

He noted that attempts to source directly from the refinery had been unsuccessful.

Adewole told Sunday PUNCH:

“Dangote is selling to international traders at N65 lower than what he offers in Nigeria, or how is it possible for some of our members to buy from someone who bought from Dangote?

“Dangote sells to international traders at N65 cheaper than what he is selling to us. In some instances, we were able to buy from those people and still bring it to Nigeria. They will take the product to Lomé, claiming that they are buying large quantities.”

PETROAN President, Billy Gillis-Harry, backed DAPPMAN’s position.

“Exactly, DAPPMAN said the correct thing. It is true. We don’t want to be saying everything. But the way things are going, one day we will say everything,” he said.

But the refinery dismissed the allegations, suggesting the marketers were behind recent labour attacks against it.

A spokesman said:

“We now know who is behind NUPENG. Our free delivery starts Monday.”

DAPPMAN also faulted the refinery’s repeated price cuts, saying they were timed to hurt importers with active cargoes.

Adewole argued that it was unfair for Dangote to give discounts to foreign buyers while offering higher rates to domestic marketers.

On the refinery’s “free delivery” scheme, DAPPMAN claimed marketers were compelled to lift 25 per cent of allocations directly from the refinery using Dangote-owned trucks at commercial rates, adding that this undermined competition.

The group further noted that despite its scale, the refinery was only supplying 30-35 per cent of national demand, with other marketers still playing a crucial role in stabilising the downstream sector.

Meanwhile, Dangote has announced the rollout of compressed natural gas-powered trucks from Monday, aimed at cutting logistics costs and driving down fuel prices nationwide.

Read more on Prompt News

This news is powered by Prompt News Prompt News

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading...

Related

Nigerian Power Couple Holds Triple Wedding Across Three Continents
Beth Fukumoto: We Need To Improve How Hawaiʻi Chooses Election Commissioners
President Donald Trump Calls For Former US President Barack Obama’s ARREST With Jaw-Dropping Post
Christian Hubicki wanted to tell ‘Survivor 50’ pre-gamers to ‘f— off’ (or so he claims)
California Legislation Proposes Mandatory Allergen Disclosure on Restaurant Menus – Internewscast Journal

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Why I contemplated suicide after DNA test revealed I’m not my father’s son – Akwa Ibom man – Healthwise
Next Article Is Drake London playing this week? Latest news, updates on Falcons star’s status for Week 2 vs. Vikings
© Market Alert News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Prove your humanity


Lost your password?

%d