Chairman of Dangote Petroleum Refinery, Aliko Dangote, don announce say filling stations like MRS and others wey dey buy petrol from im refinery go start to sell fuel at ₦739 per litre from Tuesday, especially for Lagos.
Dangote talk this one during one press briefing on Sunday, as e remind people say dem don earlier reduce ex-depot price from ₦828 to ₦699 per litre. According to am, the latest cut be part of efforts to make fuel affordable for Nigerians, especially as Christmas and New Year dey near.
Petrol Price Don Change Plenty Times
Dangote explain say the new pricing take effect from December 11, 2025, and na the 20th time wey the refinery don adjust petrol price this year. E say all these changes na to balance supply and demand inside the country and reduce pressure on consumers.
“I no want make anybody sell petrol above ₦740 nationwide for this December and January,” Dangote talk. “We go use everything we get make sure say price come down.”
IPMAN, Come Buy Petrol
While speaking for the refinery, Dangote call members of Independent Petroleum Marketers Association of Nigeria (IPMAN) make dem come buy petrol directly from the refinery.
“Anybody wey fit buy 10 trucks, make e come buy at ₦699 per litre,” e talk. E add say sales to marketers go remain that price, no matter wetin happen.
Dangote Slam NMDPRA Over Licenses
Dangote no hide mouth criticize Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), accuse dem of issuing too many licenses anyhow. According to am, dem dey plan issue licenses for about 7.5 billion litres for early 2026, even when local refineries dey ready to supply.
Still, Dangote assure say im refinery get capacity to meet Nigeria fuel demand.
Crude Oil Supply and Foreign Exchange
Dangote reveal say im refinery dey buy over 100 million barrels of crude oil every year, mostly from the United States. E say even though naira premium high, dem still dey manage operations.
When refinery capacity double, e say the U.S. fit supply over 200 million barrels yearly, while Nigeria go still benefit from aviation fuel and petrol exports.
Refinery Shares Go Open for Nigerians
Dangote also talk say refinery go soon enter stock exchange, so every Nigerian fit own part of the business.
“When we sell shares, we no go cap am. If Nigerians buy 55% and I remain with 45%, no wahala. Na legacy matter,” e talk. For Nigerians wey dey abroad, e say dividends go dey paid in dollars.
NNPC and Import Duty
Dangote confirm say NNPCL dey supply between 4.5 to 5 million barrels of crude monthly. E also reveal say President approve 15% import duty on refined petroleum products to protect local industries, even though the policy pause for now.
Despite the suspension, Dangote say refinery still reduce petrol price by ₦49, costing the company about ₦60 billion monthly.
“I No Go Give Up”
Dangote accuse some fuel marketers of trying to sabotage local refining through imports. “Na cat and mouse game,” e talk. “Somebody go give up, but e no go be me.”
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