Dangote Refinery petrol sales remain active as the company denies suspending gantry supplies to marketers amid fuel pricing concerns

Dangote Refinery has dismissed reports that it suspended petrol gantry sales to marketers and other offtakers, saying the claim does not reflect the current status of its fuel supply operations.

Also read: Dangote Refinery Protects Nigerians from Global Fuel Price Volatility, Says S&P

Anthony Chijiena, spokesperson for Dangote Group, told DAILY POST on Thursday that reports suggesting the 700,000-barrel-per-day refinery had halted petrol gantry sales were false.

“The claim that Dangote Refinery has suspended gantry petrol sales is false,” Chijiena said, clarifying the company’s position amid growing discussions around petrol availability and pricing in Nigeria’s downstream market.

The clarification follows reports that the refinery had stopped gantry sales after recent adjustments involving its refined petroleum product pricing structure.

The development came shortly after the refinery suspended refined petroleum product sales denominated in naira, a move that attracted attention from fuel marketers and industry stakeholders because of its potential impact on domestic fuel pricing arrangements.

Despite the speculation, the refinery’s petrol gantry price reportedly remained unchanged at $0.779 per litre, equivalent to about N1,075 per litre based on prevailing exchange rates.

However, some depot operators have introduced fresh adjustments to ex-depot prices, with increases of about N100 per litre reported in some locations.

Depots including Optima, Emedab and Parker were reported to be selling petrol between N1,200 and N1,225 per litre, compared with previous prices around N1,080 per litre.

Retail pump prices, meanwhile, remained relatively stable at the time of reporting, with petrol selling around N1,155 per litre in Abuja and approximately N1,205 per litre in surrounding areas.

Dangote Refinery’s statement provides reassurance to marketers and consumers following concerns that a disruption in gantry sales could affect fuel supply across the country.

The refinery, which began petrol production as part of efforts to strengthen Nigeria’s domestic refining capacity, has become a major factor in the country’s fuel market since commencing operations.

Also read: Dangote Refinery Protects Nigerians from Global Fuel Price Volatility, Says S&P

Industry observers continue to monitor the refinery’s pricing decisions, supply arrangements and relationship with downstream operators as Nigeria’s petroleum sector adjusts to new market dynamics.