
Dangote Refinery has accused the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) of seeking an annual subsidy of ₦1.505 trillion to enable their members to match depot prices with the refinery’s gantry prices.
In a statement, the refinery explained that the figure was derived from Nigeria’s daily consumption of 40 million litres of Premium Motor Spirit (PMS) and 15 million litres of Automotive Gas Oil (AGO).
According to the company, the marketers demanded a discount of ₦70 per litre on coastal freight, NIMASA, NPA, and other charges, in addition to ₦5 per litre for pumping products into vessels for transportation to depots in Apapa.
Dangote Refinery, however, maintained that it would not adjust its gantry prices or absorb the cost burden. It stressed that it would not reintroduce a subsidy regime that had previously cost Nigeria trillions of naira.
Instead, the refinery urged marketers to lift products directly from its gantry to benefit from its logistics-free initiative.