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Beware of Dangote’s Fuel Plan, May Push Price To N2,500/Litre – Oil Marketers Warn
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns over Dangote Refinery’s plan to distribute fuel directly across Nigeria, calling it a potential “Greek gift,” warning it could lead to market monopoly, job losses, and eventual price hikes
PETROAN President Billy-Gillis Harry urged government intervention to prevent domination of the downstream sector and to protect smaller businesses.
The association’s national president, Billy-Gillis Harry, warned that the move could mirror Dangote Group’s past dominance in sectors like cement, flour, and sugar, where initial benefits eventually gave way to price hikes and limited competition.
“I think Nigerians need to be careful about accepting a ‘Greek gift’. We need to be much more insightful, as we have experienced it in different spheres of the economy, whether it is flour, sugar, or cement.”
Gillis-Harry pointed out that although cement was once sold directly at various locations, prices never truly dropped.
He fears the same pattern may emerge in the fuel market, where small players might be pushed out, only for prices to later soar.
He added: “So there is no anticipation that when everybody is drummed out of the business by these kinds of gifts, we wouldn’t get back to the same position where we would start looking to buy petroleum products for N2,500 per litre. It has happened in other areas. We are courageous enough to stand by our point.”
In an earlier interview with Legit, Billy-Gillis Harry expressed concern over Dangote Refinery’s proposed forward integration approach, where the company would not only produce but also distribute fuel.
He cautioned that this strategy could lead to monopolistic control within the downstream oil sector.
According to him, such dominance could seriously harm smaller businesses and result in widespread job losses across the petroleum value chain.
He urged the government to step in with proper regulations to prevent any single player from taking over the market and to ensure fair competition for all stakeholders.
Meanwhile Dangote Refinery has explained that its new fuel distribution plan is aimed at enabling smooth and efficient delivery of petroleum products nationwide
It also emphasised that vital industries such as manufacturing and telecommunications stand to gain significantly, as lower fuel prices could help reduce production expenses, ease inflation, and support economic growth.
The refinery noted that businesses in these and other sectors can now buy fuel directly from its facility.
The 650,000-barrel-per-day refinery came on stream in January 2024, first rolling out diesel and aviation fuel A1.
PMS rollout followed nine months later, in September 2024. As of February this year, the refinery disclosed that it had reached 85 per cent of its installed capacity, expressing confidence in the speedy attainment of full capacity.
The Kano State Government has declared Tuesday, June 16, 2026, a public holiday to commemorate the beginning of the Islamic New Year, 1448 AH.
The announcement was made in a statement issued on Monday by the State Commissioner for Information and Internal Affairs, Comrade Ibrahim Abdullahi Waiya.
Governor Abba Kabir Yusuf congratulated Muslims in Kano State and across the country on witnessing the new Islamic year, which begins with Muharram, the first month of the Islamic lunar calendar.
The statement was signed by the Commissioner for Information and Internal Affairs, Comrade Ibrahim Abdullahi Waiya, on Monday, with a copy made available to the press in Kano.
The governor urged residents of the state and the Muslim Ummah to use the occasion as a period of reflection, assessing their actions over the past year and renewing their commitment to righteousness and community development.
He also called on citizens to offer special prayers for peace, unity and prosperity in Kano State and Nigeria as a whole.
Governor Yusuf further reassured the people of Kano of his administration’s commitment to improving their living standards through people-centred policies and dedicated governance.
The state government expressed hope that the new Islamic year would usher in greater progress, stability and blessings for the people of Kano and the nation at large
The Niger State Government has declared Tuesday, June 16, 2026, a work-free day across the state to mark the commencement of the Islamic New Year 1448 AH.
The declaration, approved by Mohammed Umaru Bago, is intended to enable Muslims and other residents to reflect on the spiritual significance of the Hijrah—the historic migration of Prophet Muhammad (SAW) from Makkah to Madinah.
The Secretary to the Government of Niger State, Abubakar Usman, described the Hijrah as a symbol of sacrifice, perseverance, faith, discipline, resilience, and commitment to righteousness.
Residents have been urged to use the occasion to pray for lasting peace, security, unity, and prosperity in Niger State and Nigeria, while religious leaders are encouraged to promote patriotism, tolerance, moral values, and peaceful coexistence.
The state government reaffirmed its commitment to the New Niger Agenda, aimed at improving the welfare of citizens through transformative policies and programmes.
The government congratulates the Muslim Ummah and all residents on the beginning of 1448 AH and prays for a year filled with peace, progress, good health, abundant opportunities, and renewed hope.
Preliminary results from the local government elections held in Adamawa State on Saturday show that the opposition Peoples Democratic Party (PDP) has gained an early lead in 18 out of the 21 local government areas.
However, the elections experienced a notable degree of voter apathy across many polling units.
Notably, Governor Ahmadu Fintiri, who recently switched from the PDP to the All Progressives Congress (APC), was not present in the state during the voting. State officials have stated that he was engaged in a significant commitment outside of Adamawa State at that time.
In light of the initial results, State Commissioner for Information, Leader Leneke, credited the PDP’s early success to effective grassroots campaigning, while indicating that the ruling APC had not engaged in campaigning to the same extent.
“The PDP governorship candidate and the chairmanship candidates were going out every day for campaigns, but the ruling APC was not doing the same. So, if the PDP wins the election today, it is due to its hard work,” The Punch quoted Leneke.
Leneke noted that the low voter turnout was partly driven by a historic perception among rural populations that local government polls automatically favor the party in power. He also stated that heavy rainfall after 1:00 p.m. further disrupted voter participation.
Meanwhile, Deputy Governor Professor Kaletapwa Farauta expressed satisfaction with the exercise after visiting the Karewa Primary School polling unit and other centers. Farauta described the turnout as impressive and orderly, praising the electorates for their peaceful conduct and urging the Adamawa State Independent Electoral Commission (ADSIEC) to maintain professional standards.
Some voters also reported that material distribution and simultaneous accreditation began smoothly around 8:00 a.m. at locations like Jambitu unit 002.
Conversely, opposition candidates have alleged widespread irregularities. At Girei I Ward, observers noted that seven polling units were without election officials and voters by 11:00 a.m. In Song Local Government Area, officials were present in only three township units but recorded no voter turnout.
The African Democratic Congress (ADC) chairmanship candidate for Demsa Local Government Area, Dennis Kakaba, strongly criticized the process, alleging that voting occurred in only eight out of the 172 polling units in his council.
“There is no local government election in Adamawa State. They wrote the results last week and are pretending that an election has taken place. It is a shame for democracy,” Kakaba stated.
Despite the criticism and low turnout, APC Publicity Secretary Dogo Victor expressed confidence that the ruling party would emerge victorious once the final results are officially computed and released by ADSIEC.
The electoral commission had earlier confirmed that 11 political parties, including the APC, PDP, ADC, SDP, YPP, and the Labour Party, participated in the local government contests.
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