Business
EXPOSED: How Dangote Enslaves Nigerians, Selling Cheaper Petrol For Togo – Importers Revealed
Some fuel importers and depot owners have raised alarm over what they describe as a double standard by the Dangote Petroleum Refinery, accusing the company of selling petrol to international traders at ₦65 cheaper per litre than the price offered to local marketers.
The Depot and Petroleum Product Marketers Association of Nigeria (DAPPMAN) and the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) claimed the practice was undermining competition and putting local businesses at risk.


The Executive Secretary of DAPPMAN, Olufemi Adewole, revealed that many of their members had bought petrol from Lomé, Togo, where international traders supplied at prices lower than those quoted by Dangote to Nigerian marketers.
“Dangote is selling to international traders at ₦65 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 they are buying large quantities,” Adewole said in an interview with The PUNCH.
He added that repeated requests for supply allocations had either been ignored or tied to conditions that make business unprofitable, forcing importers to look elsewhere.
Marketers Demand Discounts
Adewole further argued that Dangote’s pricing model placed domestic players at a disadvantage.
“Dangote has to give us a discount for freight cost and other expenses between his jetty and our depots. Without this, we can’t sell competitively. People will continue to import if it’s cheaper abroad,” he insisted.
On his part, the President of PETROAN, Billy Gillis-Harry, backed DAPPMAN’s position, confirming that the refinery’s products were indeed cheaper in Togo than in Nigeria.
“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,” Gillis-Harry said.
Dangote Refinery Reacts, Denies Claims
However, in a swift response, the Dangote Refinery dismissed the allegations, suggesting that DAPPMAN was behind the recent labour tension with the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), which accused the company of anti-union practices.
“We now know who is behind NUPENG. Our free delivery starts Monday,” A spokesman for the refinery told journalists on Sunday.
The official also questioned why marketers now sourced fuel from Lomé, asking, “When did they stop buying from Russia and Malta?”
Adewole accused the refinery of using strategically timed price cuts to destabilise the market. He recalled that Alhaji Aliko Dangote once vowed to slash prices whenever importers brought in cargoes, forcing competitors into financial distress.
He described Dangote’s repeated reductions as “calculated moves to stifle competition” rather than patriotic interventions, noting that international buyers were given better deals than Nigerians.
Naija News reports that DAPPMAN insisted that Nigeria’s downstream sector cannot rely on a single refinery.
“While we welcome the Dangote refinery as a major infrastructure project, its contribution has peaked at only 30 to 35 per cent of national demand. The balance continues to be supplied by responsible petroleum product marketers who import and distribute under strict regulation,” Adewole stressed.
He further criticised the refinery’s “free delivery” scheme, claiming marketers were forced to lift 25% of allocations using only Dangote-owned trucks at commercial rates, which added hidden costs.
Refinery to Roll Out CNG Trucks, Slash Prices
Meanwhile, Dangote Refinery confirmed that it would begin deploying compressed natural gas (CNG) powered trucks on Monday as part of its logistics-free distribution initiative.
The company said the rollout would reduce the gantry price to ₦820 per litre, with the expectation of lower pump prices across key states.
Naija News reports that the pricing row comes amid a brewing face-off between Dangote and NUPENG, which recently threatened to embark on strike, accusing the refinery of blocking drivers from joining unions.
DAPPMAN said while the matter did not directly involve them, they were “alarmed by the tone and escalation of the crisis,” warning that the dispute could worsen fuel supply stability in a fragile downstream market.
Business
Filling Stations Adjust Petrol Prices Again as New Landing Cost Emerges
Fresh petrol depot prices have emerged across Nigeria as marketers adjust to rising crude oil prices and renewed tensions in the Middle East.
The latest pricing changes come amid growing uncertainty in the global energy market following fresh military exchanges between the United States and Iran near the Strait of Hormuz, one of the world’s most important oil transit routes.
ndustry data tracked by PetroleumPriceNG and monitored by Legit.ng show that depot owners raised their Premium Motor Spirit (PMS) prices as a protective measure against potential losses linked to volatile international oil prices.
Global crude oil prices climbed during early trading on Wednesday, June 10, 2026, after the United States launched strikes on Iranian military infrastructure near the Strait of Hormuz.
As of 5:08 a.m. WAT, Brent crude rose by 1.03% to $92.39 per barrel, while the U.S. West Texas Intermediate (WTI) crude gained 0.91% to trade at $89.00 per barrel, according to a report by Oilprice.com
The market rally followed reports that American forces targeted Iranian air defence systems, radar installations and surveillance facilities after Washington accused Tehran of bringing down a U.S. Army Apache helicopter operating within the region.
The U.S. Central Command described the strikes as a defensive response. However, Iran denied responsibility for the helicopter incident and accused the United States of escalating tensions unnecessarily. The development has raised fears of a broader regional conflict that could disrupt global crude oil supplies.
Checks across fuel depots nationwide show that marketers have adjusted their petrol prices upward in response to the changing global market conditions.
According to the latest data: AIPEC now sells petrol at N1,247 per litre RainOil Lagos sells at N1,248 per litre Integrated depot price stands at N1,247 per litre Liquid Bulk has also fixed its price at N1,248 per litre Industry experts say the latest adjustments are largely precautionary as marketers attempt to shield themselves from potential losses should crude oil prices continue to rise.
Business
JUST IN: Marketers Crash Petrol Prices Nationwide, New Pump Prices Emerge
The cost of importing petrol into Nigeria has dropped sharply following the recent decline in global crude oil prices, creating fresh competition for local refiners, including the $20 billion Dangote Refinery.
New data released by the Major Energy Marketers Association of Nigeria (MEMAN) shows that the landing cost of imported Premium Motor Spirit (PMS), also known as petrol, has fallen to N1,117 per litre.
The figure is now significantly lower than Dangote Refinery’s gantry price of N1,250 per litre, leaving a difference of N133 per litre.
The development comes days after the mega refinery reduced its ex-depot petrol price from N1,275 to N1,250 per litre in response to changing market conditions.
The latest MEMAN pricing template suggests that fuel importers may now enjoy a competitive edge over domestic refiners as international crude prices continue to soften. Aside from petrol, the landing costs of other petroleum products also recorded notable declines.
According to the data, diesel landing cost dropped to N1,470 per litre, compared to Dangote Refinery’s price of N1,700 per litre. Aviation Turbine Kerosene (ATK), commonly known as aviation fuel, also fell to N1,426 per litre, while Dangote’s price remains N1,650 per litre.
MEMAN estimated the exchange rate for fuel imports at N1,366.85 per dollar, reflecting the prevailing official foreign exchange rate at the time of the calculation.
Business
No More N1,330, Petrol Prices Crash Nationwide; New Rates Emerge
Some filling stations along the Lagos-Ibadan Expressway and in other locations across Lagos and Ogun states have reduced petrol prices below N1,300 per litre.
This follows a price cut announced by the Dangote Petroleum Refinery on Sunday.
The refinery adjusted its ex-depot gantry price of petrol down to N1,250 per litre from N1,275 per litre, while also slashing the price of diesel to N1,700 per litre from N1,800 per litre.
According to Dangote officials, the price review reflects a recent decline in global oil prices and reinforces the company’s commitment to making refined products more affordable while providing cost relief to Nigerian consumers and businesses.
Following the announcement, observations across the Mowe/Ibafo axis of the Lagos-Ibadan Expressway in Ogun State showed that several independent marketers immediately adjusted their pumps. For instance, MRS filling stations reduced their petrol pump price to N1,286 per litre, NIPCO and Heyden retailed the product at N1,290 per litre, and SGR adjusted its price to N1,297 per litre.
Reductions were also recorded in the diesel market, with many filling stations dropping their prices to N1,800 per litre from the previous N1,900 per litre.
Despite these downward adjustments, many retail outlets still sell petrol above the N1,300 mark. Outlets operated by the Nigerian National Petroleum Company Limited (NNPC) in Ibafo adjusted their pumps to N1,305 per litre, while Mobil and Asharami sold the product at N1,310 and N1,320 per litre, respectively.
The overall price drop comes after a prolonged period of high fuel costs in Nigeria, which saw petrol skyrocket from N830 per litre to over N1,300 after global crude oil climbed past $115 per barrel due to tensions between the United States and Iran.
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