The Dangote Group has strongly denied allegations that its multi-billion-dollar refinery sells petrol to foreign traders at prices lower than those offered to Nigerian marketers.
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) recently alleged that its members were buying Dangote petrol through international traders in Lomé, Togo, at rates ₦65 cheaper per litre than those available in Nigeria.
In a statement on Monday, the Dangote Group branded the claim “misleading and inaccurate,” pointing to current pump prices in Togo as proof.
“It is incorrect to suggest that Togo’s petrol price is lower than Nigeria’s. A simple market check shows an average pump price of about 680 CFA francs per litre—roughly ₦1,826,” the company said.
The refinery explained that Nigeria remains the primary source of affordable petrol for West Africa, even though more than 60% of its crude oil feedstock is imported.
Dangote also accused some marketers of “round-tripping,” a practice in which fuel purchased in Nigeria is routed through Togo and then re-imported at inflated rates.
“It is clear that certain operators are focused on exploiting arbitrage opportunities rather than serving Nigerian consumers,” the statement continued.
According to the company, Nigerian marketers who work directly with the refinery already receive benefits such as volume-based discounts, credit facilities, and logistics support. Price differences, it added, can arise depending on whether products are lifted from the Single Point Mooring (SPM) facility or directly from the gantry.
Dangote concluded by urging marketers to partner transparently with the refinery to ensure stable domestic supply, warning that the local fuel market should not be reduced to a game of profit-driven speculation.
