Controversy Surrounds Petrol Pricing Between Dangote Refinery and NNPCL

The issue of how much Dangote Refinery sells petrol per litre to the Nigerian National Petroleum Company (NNPC) Limited has sparked significant debate and remains unresolved. While the NNPCL, the sole off-taker of products from the newly commissioned refinery “for now,” claims it purchases petrol at N898 per litre, Dangote Refinery has contradicted this statement, insisting that the price is lower—though the company has not disclosed the exact figure.

The controversy has continued to escalate, with conflicting reports and statements fueling public curiosity. In an interview with Bloomberg, Alhaji Aliko Dangote, President and Chief Executive of Dangote Group, reaffirmed his company’s position but stopped short of providing the specific price at which the refinery sells petrol to the NNPCL.

This uncertainty has generated considerable interest and concern, as the pricing of petrol is a critical issue in Nigeria, affecting millions of consumers and influencing the broader economy. The lack of clarity on this matter has prompted calls for transparency from stakeholders and the public, who seek to understand the true dynamics behind the pricing structure.

For now, the NNPCL remains the only buyer of petrol from the Dangote Refinery, a key player in Nigeria’s efforts to reduce its dependence on imported fuel. The refinery, one of the largest in the world, is expected to play a pivotal role in shaping the future of Nigeria’s oil and gas sector. However, the ongoing controversy over pricing has raised questions about the transparency of these transactions and the long-term impact on fuel prices in the country.

As the debate rages on, industry watchers and consumers alike are awaiting further clarification from both parties to resolve the confusion and bring stability to Nigeria’s fuel market.