New Petrol Prices Emerge at Depots after Dangote Stops Sales to Unregistered Marketers
- Several depot owners have adjusted their petrol prices after Dangote refinery halts sales to unregistered marketers
- Data from industry sources show at least 10 depots across Nigeria raised prices, above the price offered by Dangote
- Depot owners and Dangote refinery have been in a battle of words over claims of subsidy demands
CHECK OUT: How to Start Earning with Copywriting in Just 7 Days – Even if You’re a Complete Beginner
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Petrol prices at major depots across Nigeria rose sharply on Friday following the Dangote Petroleum Refinery suspension of gantry sales.
Report has it that Dangote refinery has decided to focus on retail sales, supplying petrol to its registered marketers.
Source: Getty Images
New petrol price at 10 depots
Petroleumprice.ng data shows that Pinnacle depot recorded the highest increase, selling petrol at N970 per litre, up N145 or 17.58%.
Fynefield depot followed at N890 per litre, up N40 or 4.71% from N850, while Rainoil Lagos sold at N865 per litre, up N34 or 4.09%.
NIPCO Lagos increased to N850 per litre, up N20 or 2.41%, Dangote depot to N840 per litre, up N16 or 1.94%, and TSL to N875 per litre, up N17 or 1.98%.
Smaller increases were observed at MENJ and MAO, both selling at N835 per litre, up N5 or 0.60% and up N4 or 0.48% respectively, First Royal at N835, up N3 or 0.36%, and Matrix Lagos at N850, up N5 or 0.59%.
Dangote Refinery stops direct sales
Leadership reports that the Dangote refinery disclosed in an internal correspondence that it has suspended petrol sales at its ganry.
In the memo, the suspension is an operational adjustment aimed at improving efficiency, preventing sales to unregistered marketers, and promoting wider adoption of its Free Delivery Scheme.
The correspondence also stated that all payments for active self-collection orders after September 18 would not be honoured.
the correspondence stated:
“We wish to inform you that, effective 18th September 2025, Dangote Petroleum Refinery and Petrochemicals FZE has placed all self-collection gantry sales on hold until further notice. In light of this development, we kindly request that all payments related to active PFIs for self-collection are also placed on hold until further notice. Please note that any payment made after this date will not be honoured.
Source: Getty Images
The company assured marketers that its free delivery scheme remains fully operational for both active and newly onboarded customers.
It stated:
“We urge all existing and newly onboarded customers to register for the DPRP Free Delivery Scheme, which remains active and guarantees smooth delivery to your station.”
While expressing regret over any disruption, the refinery explained the necessity of the move:
“We sincerely apologise for any inconvenience this adjustment may cause and appreciate your patience and understanding as we implement these operational changes.”
Dangote refinery dares depot owners to sue
Earlier, Legit.ng reported that Dangote Petroleum Refinery has defended its position in the ongoing dispute with the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN).
The refinery accused the marketers of demanding a subsidy of N1.505 trillion annually to enable them to match the refinery’s gantry prices.
The refinery also challenged marketers to seek legal redress if they believe its claims are untrue.
Proofreading by Kola Muhammed, copy editor at Legit.ng.
Source: Legit.ng
