Dangote Petroleum Refinery has alleged that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) asked it to raise the price of petrol and diesel by ₦75 per litre to enable its members to align depot rates with the refinery’s gantry prices. According to the refinery, if the request were granted, the pump price of Premium Motor Spirit (PMS) could climb to about ₦950 per litre, while Automotive Gas Oil (diesel) could reach ₦1,090 per litre in some parts of the country. The refinery explained that although it sells products at gantry prices, DAPPMAN prefers to take delivery through coastal logistics, which attracts an extra ₦75 per litre. With Nigeria’s daily consumption put at 40 million litres of PMS and 15 million litres of AGO, this translates into an additional annual cost of ₦1.505 trillion—an amount the refinery said DAPPMAN effectively wants it to absorb and transfer to consumers. “Between June and September, the refinery exported a combined total of 3,229,881 metric tonnes of PMS, AGO, and aviation fuel, while marketers imported 3,687,828 metric tonnes over the same period, an action that amounts to dumping, which is detrimental to the Nigerian economy and the well-being of its citizens,” it said. Reaffirming its commitment to supporting the reform agenda of President Bola Ahmed Tinubu, the refinery stated that through various strategic interventions, it has helped stabilise the Naira, cushion the effects of fuel subsidy removal, position Nigeria as a refining hub, boost foreign exchange earnings, and create employment opportunities across multiple sectors. “We enjoy strong working relationships with government agencies and remain committed to supporting their efforts, while not hesitating to hold institutions accountable where necessary. “Dangote Petroleum Refinery remains firmly committed to the progress and well-being of Nigeria, and is open to partnerships with patriotic and responsible stakeholders in pursuit of national development,” it noted. The Refinery also reaffirmed its position regarding its recent statement on the DAPPMAN, which was published on Monday, 15 September, in several national dailies and reputable online platforms. The refinery stressed that any party aggrieved by the content of the publication is free to seek redress through appropriate legal channels. It noted that it would not be swayed by threats or so-called seven-day ultimatums and is fully prepared to defend its position through all legitimate means.