Independent marketers now sell petrol as low as N815 per litre, undercutting Dangote’s N820 ex‑depot price.
Independent petroleum marketers in Nigeria have begun selling petrol below the prices offered by Dangote Petroleum Refinery, intensifying a brewing price war in the downstream fuel sector.
For instance, depots operated by major importers are now offering petrol at between ₦815 and ₦847 per litre — significantly undercutting Dangote’s ₦820 per litre ex‑depot rate. Retail stations in Lagos and Ogun have mirrored this trend, with some selling at ₦847 per litre, compared with Dangote partner stations pricing at ₦865–₦875.
Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), hailed these reductions. “Depot owners are dropping their petrol prices. Some of them are selling N815, some are selling N817, while Dangote is selling N820. NNPC is still selling at N825; it has not dropped its prices yet,” he said, calling the development “the beauty of market liberalisation.”
By contrast, Aliko Dangote has called for a ban on fuel imports, warning that cheap, and possibly “toxic”, imported products threaten local refining capacity and undermine Nigeria’s energy sovereignty. Supporters of open markets argue that competition, not protectionism, is the best path to efficiency.