How Falling Imported Petrol Prices Are Challenging Dangote Fuel
Recent developments indicate that oil marketers in Nigeria are considering shifting from sourcing petrol from the Dangote Petroleum Refinery to imported alternatives due to cost differences. As of January 27, 2025, the landing cost of imported Premium Motor Spirit (PMS) has decreased to ₦922.65 per liter, which is ₦32.35 less than the Dangote Refinery’s loading gantry price of ₦955 per liter.
This price disparity has led marketers to import approximately 76.84 million liters of petrol over a two-day period, highlighting a growing preference for imported fuel.
In response, the Dangote Refinery has asserted that any imported petrol priced below its offerings is likely substandard. The refinery emphasizes that its prices are competitive and aligned with international standards, suggesting that lower-priced imports may not meet the same quality benchmarks.