Dangote warns coastal petrol delivery could spike prices
Dangote Petroleum Refinery has cautioned that relying on coastal delivery for petroleum products may significantly increase petrol prices in Nigeria. The company highlighted that its gantry loading method is more efficient and cost-effective, helping to maintain stable prices for consumers. According to the refinery, additional costs from coastal logistics could push petrol prices close to N1,000 per litre. Dangote also addressed claims about importing finished products, calling them misleading.
TLDR
- Dangote Petroleum Refinery warned that coastal delivery could add about N75 per litre to petrol costs, potentially raising pump prices to nearly N1,000 per litre.
- The refinery’s gantry facility can load up to 2,900 tankers daily and evacuate over 50 million litres of petrol and 14 million litres of diesel each day.
- The company estimated that continued reliance on coastal logistics could impose an extra annual cost of roughly N1.75tn on Nigeria.
- Dangote urged investment in pipeline infrastructure to reduce distribution costs and improve supply reliability.
- The refinery stated that since it began operations, diesel prices have dropped from about N1,700 per litre to between N980 and N990, and petrol prices have fallen from around N1,250 per litre to between N839 and N900.
