Dangote Petroleum Refinery has accused the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) of demanding an annual subsidy of about N1.505 trillion in order to enable its members to match the refinery’s gantry prices at their depots.
Based on Nigeria’s daily consumption of 40 million litres of Premium Motor Spirit (PMS) and 15 million litres of Automotive Gas Oil (AGO), this translates to an additional N1.505 trillion annually, a cost the marketers allegedly asked the refinery to absorb or transfer to Nigerians.
“Specifically, the marketers are demanding that we discount N70/litre in coastal freight, NIMASA, NPA and other associated costs, as well as N5/litre for the cost of pumping into vessels to transport products from our refinery to their depots in Apapa. This would enable them to sell at the same price as our gantry,” the statement read.
The refinery made it clear that it has no intention of increasing its gantry price or paying what it described as a subsidy of over N1.5 trillion, stressing that such practices historically defrauded the Federal Government. It insisted that marketers are free to lift products directly from its gantry and benefit from its “logistics-free” initiative.
Dangote Petroleum Refinery further alleged that its refusal to comply with DAPPMAN’s demand is the core reason behind recent criticisms against the company. It maintained that the facility has sufficient capacity to meet domestic demand and support exports, disclosing that it maintains a closing stock of about 500 million litres of refined products in its tanks monthly.
Between June and September, the refinery said it exported 3,229,881 metric tonnes of PMS, AGO, and aviation fuel, while marketers imported 3,687,828 metric tonnes within the same period—an action it described as economic “dumping” and harmful to Nigeria’s economy and citizens.
Reaffirming its support for President Bola Ahmed Tinubu’s reform agenda, the refinery highlighted its contributions to stabilising the Naira, cushioning the effects of fuel subsidy removal, positioning Nigeria as a refining hub, boosting foreign exchange earnings, and creating jobs across multiple sectors.
It also emphasised its strong working relationship with relevant government agencies, while pledging to hold institutions accountable where necessary.
“Dangote Petroleum Refinery remains firmly committed to Nigeria’s progress and well-being, and is open to partnerships with patriotic and responsible stakeholders in pursuit of national development,” the statement noted.
The company also reaffirmed its position regarding its earlier statement on DAPPMAN, published on 15 September across several national dailies and online platforms, stressing that any party aggrieved by the publication is free to seek redress in court.
“We will not be swayed by threats or so-called seven-day ultimatums. We are fully prepared to defend our position through all legitimate means,” the refinery added
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“Specifically, the marketers are demanding that we discount N70/litre in coastal freight, NIMASA, NPA and other associated costs, as well as N5/litre for the cost of pumping into vessels to transport products from our refinery to their depots in Apapa. This would enable them to sell at the same price as our gantry,” the statement read.
The refinery made it clear that it has no intention of increasing its gantry price or paying what it described as a subsidy of over N1.5 trillion, stressing that such practices historically defrauded the Federal Government. It insisted that marketers are free to lift products directly from its gantry and benefit from its “logistics-free” initiative.
Dangote Petroleum Refinery further alleged that its refusal to comply with DAPPMAN’s demand is the core reason behind recent criticisms against the company. It maintained that the facility has sufficient capacity to meet domestic demand and support exports, disclosing that it maintains a closing stock of about 500 million litres of refined products in its tanks monthly.
Between June and September, the refinery said it exported 3,229,881 metric tonnes of PMS, AGO, and aviation fuel, while marketers imported 3,687,828 metric tonnes within the same period—an action it described as economic “dumping” and harmful to Nigeria’s economy and citizens.
Reaffirming its support for President Bola Ahmed Tinubu’s reform agenda, the refinery highlighted its contributions to stabilising the Naira, cushioning the effects of fuel subsidy removal, positioning Nigeria as a refining hub, boosting foreign exchange earnings, and creating jobs across multiple sectors.
It also emphasised its strong working relationship with relevant government agencies, while pledging to hold institutions accountable where necessary.
“Dangote Petroleum Refinery remains firmly committed to Nigeria’s progress and well-being, and is open to partnerships with patriotic and responsible stakeholders in pursuit of national development,” the statement noted.
The company also reaffirmed its position regarding its earlier statement on DAPPMAN, published on 15 September across several national dailies and online platforms, stressing that any party aggrieved by the publication is free to seek redress in court.
“We will not be swayed by threats or so-called seven-day ultimatums. We are fully prepared to defend our position through all legitimate means,” the refinery added
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