…As Expert Advices Dangote on How to Fight Importation
In pursuit of it struggle to convince Nigerians that Dangote Petroleum Refinery & Petrochemicals is committed to market stability and uninterrupted nationwide supply of Premium Motor Spirit (PMS), the company has assured of nationwide supply of PMS even as imported products flood everywhere.
Explaining in an interview, an Energy Expert, Chief Dom Ezike said “The only way Dangote Refinery will tell Nigerians that it can saturate Nigerian market with PMS is not on the pages of newspaper but by reducing its retail prices beyond the limit that can encourage imports by independent marketers. No more, no less.
According to Chief Ezike, “Using the media to always confuse Nigerians that it can do this; it can do that is not enough and can never convince Nigerians until his retail price and availability discourage further imports of PMS”.
“I belief that if a producer has the capacity to saturate the entire Nigerian market as Dangote regularly claims, the same producer can set a price that will discourage imports after all.
Business Hilights reports that during the recent festive period, the Dangote Refinery implemented a deliberate and temporary price support intervention to cushion Nigerians at a time of heightened household spending. This marked the second consecutive festive season in which the Refinery absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.
Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction.
But observers say if Dangote Refinery had set a penalty for not selling as required, they would have reflected the true pump price.
With the festive period concluded, PMS prices have been modestly realigned to sustainable levels to support long term market stability and affordability. Under the current alignment, the PMS gantry price is N799 per litre, while MRS retail outlets are selling at N839 per litre.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, stated that the Refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.
He noted that the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities. According to him, this capability ensures that domestic supply remains stable and uninterrupted.
As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector.
Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians.
