Dangote Refinery Announces New Price, Set Date To Resume Petrol Sales
- Dangote Refinery is ready to resume gantry-based petrol sales after recently suspending sales to focus on retail
- The company apologised for the brief suspension and said its free delivery scheme remains available to marketers
- Industry unions and marketers had criticised the earlier halt, warning of supply bottlenecks and over-reliance on refinery trucks
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Dangote Petroleum Refinery and Petrochemicals Limited said it will resume gantry-based petrol sales from September 23 after a brief suspension.
Source: Getty Images
The company confirmed the move in an internal memo seen by Reuters, saying marketers would again be allowed to self-collect products at its depot.
The reversal comes days after the refinery halted gantry access in favour of a nationwide free delivery scheme, a decision that sparked pushback from independent marketers and industry unions.
The statement said:
“In reference to the earlier email communication on the suspension of PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September."
The company apologised for the disruption, assuring customers of steady supply.
“We sincerely apologise for any inconvenience this may cause and appreciate your understanding."
It said, while urging marketers to register their filling stations for the free delivery option, Punch reports.
Dangote refinery new petrol prices
Also, Dangote refinery has announced an increase in new petrol price from N820 to N840 per litre, Petroleumprice.ng data shows
The new price is similar to the move earlier carried out by other depot owners following petrol sales suspension by Dangote refinery in the previous week.
Privat depot owners have also increase prices such as pinnacle which increase petrol price to N970 per litre, up N145 or 17.58%.
Source: Getty Images
Fynefield depot followed with 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%.
Jeremiah Olatide, CEO of tracking platform Petroleumprice.ng, said the combined model could modernise Nigeria’s downstream sector.
He said:
“This hybrid approach gives room for innovation while addressing inefficiencies in the old supply chain. If managed transparently, it could bring down pump prices and reshape how products move from refinery to station."
Dangote refinery dares depot owners to sue
Earlier, Legit.ng reported that Dangote Petroleum Refinery has claimed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) wants N1.505 trillion subsidy payment annually.
The DAPPMAN are not happy with the comments and has asked the refinery management to withdraw the statement.
In response, the refinery challenged marketers to seek legal redress if they believe its claims are untrue.
Source: Legit.ng
