The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed concerns over the Nigerian National Petroleum Company Limited (NNPCL) selling petrol lifted from the Dangote Refinery at higher prices than imported fuel.
Speaking on Channels Television’s Morning Brief on Monday, IPMAN’s National Welfare Officer, John Kekeocha, questioned the logic behind the pricing. He stated, “If NNPC can sell Dangote products higher than the imported products, then it doesn’t make sense. What is the celebration we are having all these while then?”
The criticism follows NNPCL’s announcement on Sunday that it had started loading petrol from the Dangote Refinery. According to the company, the petrol was acquired at ₦898 per litre, higher than previously imported fuel.
Before the shift to Dangote-sourced petrol, NNPCL retail outlets in Lagos sold petrol at around ₦855 per litre. However, with the new supply, the price has surged to ₦950 per litre in Lagos and as high as ₦1,019 in Borno State.
The price increase has sparked concerns among consumers and industry experts, as they question the sustainability of selling local fuel at a higher cost than imported alternatives.
