ABUJA, Nigeria (ChatnewsTV) — A significant shift is underway in Nigeria’s petroleum market as major oil marketers, including 11 Plc, Total Energies, and AA Rano, have started sourcing petrol from the Dangote Refinery, according to a report by Business Day on Friday, September 20. The marketers are now purchasing petrol at ₦765.99 per litre, a marked reduction from previous prices, which often exceeded ₦950 per litre.
The Dangote Refinery, Africa’s largest, with a capacity of 650,000 barrels per day, aims to reduce Nigeria’s reliance on imported fuel. This move is expected to improve fuel availability and stabilize prices across the nation. However, independent marketers are currently unable to purchase petrol directly from the refinery due to regulatory constraints. The Nigerian National Petroleum Company (NNPC) remains the exclusive offtaker.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over competition and transparency, calling for fair pricing strategies. IPMAN emphasized the need for domestically produced petrol to be a viable alternative to imports, ensuring equitable access to fuel.
This development signals a potential transformation in Nigeria’s energy sector, which has long grappled with fuel shortages and high prices.
