Pay further N100/litre for petrol, Dangote tells entrepreneurs

Petroleum entrepreneurs lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery at the moment are required to pay an extra N100 per litre to choose up petrol for which funds had already been processed, following the sudden upward evaluation of the refinery’s ex-depot value.

Findings by The PidomNigeria confirmed that entrepreneurs who accomplished cost and processed last slips at N699 per litre are being requested to high as much as N799 per litre earlier than loading, after the refinery withdrew a short lived festive value help and invalidated beforehand issued loading authorisations.

The event has triggered contemporary pressure within the downstream sector, with dozens of vans reportedly left stranded on the refinery’s gantry after loading was halted at midnight to reconcile excellent volumes and funds.

The PidomNigeria stories that the 650,000-barrel-per-day facility, touted as a game-changer for native gasoline provide, has in latest months grappled with operational constraints which have difficult its potential to satisfy demand whereas conserving costs steady.

In accordance with trade stories, persistent technical difficulties with the Residual Fluid Catalytic Cracking unit have stored the refinery working under full capability, doubtlessly extending into the primary half of 2026 if unresolved.

This problem made the refinery droop petrol gross sales at its gantry on Monday, nullifying all energetic PMS deal recaps with prospects, earlier than elevating its value by N100 per litre.

In a discover to prospects obtained by The PidomNigeria, the refinery mentioned the sooner pricing was a deliberate intervention launched through the festive interval and will now not be sustained.

Entrepreneurs at the moment are required so as to add N100 per litre to cowl the value differential, logistics, and financing prices, or choose up decrease volumes based mostly on the brand new value.

“Pricey Valued Buyer, through the latest festive interval, the refinery carried out a deliberate and non permanent value help intervention to cushion Nigerians at a time of heightened family spending,” the discover signed by the Group Business Operations Division learn.

“With the festive interval concluded, PMS costs have been modestly realigned to sustainable ranges. Beneath the present alignment, our PMS gantry value is N799 per litre.”

The refinery additional warned entrepreneurs that volumes on present orders can be adjusted to replicate the brand new value, whereas unutilised loading approvals had been cancelled.

“With the festive interval concluded, PMS costs have been modestly realigned to sustainable ranges to help long-term market stability and affordability. Beneath the present alignment, our PMS gantry value is N799 per litre.

“Kindly notice that you’ll be suggested of the revised volumes in your excellent orders based mostly on the brand new value. Moreover, all ATCs/fancards not loaded have been invalidated; therefore, you’ll need to reprogramme new ATCs to load any remaining steadiness volumes,” the discover learn.

An earlier inside round additionally confirmed that every one energetic PMS deal recaps had been nullified. “Please notice that every one energetic PMS deal recaps at the moment are invalid,” the refinery said.

In the meantime, the extra price being borne by entrepreneurs on the gantry has swiftly filtered by means of to stores, pushing pump costs in Abuja to as excessive as N910 per litre, barely hours after Dangote Petroleum Refinery reviewed its ex-depot value.

Within the Federal Capital Territory, retailers wasted no time effecting value changes, with many stations revising their pump costs by noon on Tuesday, underscoring the velocity at which modifications on the refinery stage now transmit to the retail market.

Market checks by our correspondent confirmed that Optima Power shops on the EFCC Junction and beside Dunamis Church had been promoting petrol at N910 per litre, up from N815, representing a rise of N95 or about 11.7 per cent.

Equally, an AP filling station on the Airport Junction offered petrol at about N899 per litre, in comparison with N815 beforehand, a rise of N84 or roughly 10.3 per cent.

Different shops adjusted costs inside the N800–N850 per litre vary, reflecting variations in provide prices, inventory positions, and distance from depots.

Conoil stations alongside Airport Highway offered at about N800 per litre, whereas Matrix shops raised costs to N850 from N815 offered on Monday, a N35 enhance or roughly 4.3 per cent. Shafa stations allotted petrol at round N815 per litre, largely sustaining earlier value ranges in some places.

The swift response by Abuja retailers highlights the rising sensitivity of pump costs to actions at Dangote’s gantry, because the refinery more and more units the tone for pricing dynamics in Nigeria’s deregulated downstream petroleum market.

Dangote Refinery, Africa’s largest single-train refinery, has turn into a serious supply of regionally refined petrol, considerably lowering Nigeria’s reliance on imports. Nevertheless, pricing changes on the facility now have quick and wide-ranging results on the downstream market because of its dominant provide place.