Marketers Urge Dangote Refinery to Raise Pump Price by N75
Marketers Urge Dangote Refinery to Raise Pump Price by N75
The Dangote Petroleum Refinery has disclosed that members of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) have asked it to increase the price of petrol and diesel by ₦75 per litre before they can buy products directly from the refinery’s gantry.
According to Dangote, the marketers argued that without such an increment, they would be unable to match the refinery’s ex-depot prices with those at their own depots across the country.
If the request is implemented, Nigerians could face another round of steep increases in fuel prices, with Premium Motor Spirit (PMS) potentially hitting ₦950 per litre and Automotive Gas Oil (diesel) climbing to about ₦1,090 per litre in some regions.
The revelation comes amid growing concerns over the rising cost of petroleum products, inflationary pressures, and the economic hardship confronting citizens.
Industry observers warn that such a move, if approved, would further strain household budgets, increase transport fares, and push up the prices of goods and services nationwide.
Meanwhile, civil society groups and labour unions are expected to strongly oppose any hike, insisting that Nigerians are already overburdened by the current cost of living.
As negotiations continue between the refinery and marketers, stakeholders are watching closely to see whether the Federal Government will intervene to prevent another round of fuel price increases.
