Nigerian marketers of petroleum products will not hesitate to keep fuel from Dangote Refinery, rather they will go for imported fuel that is the cheapest as confirmed by themselves.
IPMAN representative, Chinedu Ukadike, made the revelation on Friday that the marketers had reached this conclusion.
The cause of their decision is the decline in the landing cost of the imported product to N839.97 per litre, which is N37 cheaper than the Dangote Refinery gantry petrol price of N877 per litre.
Reacting to the situation, Ukadike emphasized that petroleum marketers will choose to import because of the possibility of selling to Nigerians at a lower price thus making petrol more accessible to them.
He also mentioned the price differential as an effect of the liberalization and deregulation of the downstream sector in the country.
“It is due to the liberalisation of the sector, which has set the tune for a price war. Marketers now have the option to buy either at N877 per litre with Dangote Refinery or N839 with MEMAN.“The concern here is why would a local refinery (Dangote) sell petrol higher than imported ones?“As petroleum product marketers, Nigerians are interested in buying petrol that is cheaper. When we have cheaper fuel, it sells faster,” he said
it was gathered that Emedab, Gulf Treasure, Ardova, and Bono ex-depot prices were at N875 per litre, while that of Dangote Refinery was at N877.
On Friday night, petrol was being retail sold at the price ranging from N950 to N965 per litre at different price stations like Nigerian National Petroleum Company Limited, NNPCL, MRS, Ranoil, Total, and Emedab in Abuja.
The price competition among players in the sector which DAILY POST is reporting, may cause the price of fuel per litre to go down at local stations in the next few days.
Consumers of petrol can remember that the last figures from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, recorded 613.6 million litres of petrol consumed by Nigerians between 2024 and October 10, 2025.
First, marketers raised the issue of non-supply of petrol by Dangote Refinery, even after they have paid billions for the 650,000-barrel-per-day facility.
Moreover, an earlier report has it that the refinery has been suffering from supply issues, leading to a shortage of petrol all over the country.
