The Dangote Petroleum Refinery has set a new petrol price of N739 per litre at its partner filling stations
The new fuel price coincides with the refinery’s decision to reduce the gantry price to N699 per litre
The change is now expected to be reflected at various filling stations in partnership with Dangote
Speaking at a press briefing at the Lekki refinery, Aliko Dangote said the new prices will be enforced at all filling stations purchasing from the refinery.
Dangote said: “Starting Tuesday, MRS will begin selling petrol at N739 per litre. We will definitely enforce that low price. You won’t buy petrol at N970 per litre again.”
Other partner stations expected to adjust prices include:
Conoil Plc
Eterna Plc
Golden Super
Nepal Energies
Kifayat Global Energy
Riquest Oil and Gas
Emadeb Energy Services Limited
Stations expected to make a change
Garima Petroleum
Sunbeth Energies
Sobaz Nigeria Ltd.
Sixxco Oil Ltd.
N.U. Synergy Ltd.
Soroman Nigeria Ltd.
Jezco Oil Nigeria Ltd.
Jengre Cocean
Kifayat Triumph
Golden Sifem Global
Riquest
Mamu Oil
Dangote also alleged that some officials had met with certain marketers and encouraged them to maintain high pump prices to frustrate the price reduction, adding that the company would use all available resources to ensure the new price regime is implemented.
Dangote noted that the refinery had opened sales to independent marketers, including members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), and any buyer capable of lifting 10 truckloads could purchase petrol at the N699 gantry price.
He added: “For this December and January, we don’t want people to sell petrol for more than N740 nationwide. Those who want to keep the price high to sabotage the government, we will fight as much as we can to make sure that these prices come down.”
The drop in petrol prices comes as one of the benefits of Dangote Refinery’s direct distribution of petrol.
The nationwide price enforcement is part of the refinery’s strategy to ensure fair pricing and improved access for consumers.
The refinery has urged more filling station owners to register and enjoy the free logistics offered.
In a statement, the refinery said: “All petrol station owners nationwide are invited to register for free delivery and other benefits.”
