The Dangote Group has firmly denied allegations that its Lagos refinery is selling petrol at a discount to international traders in Togo, while offering it at higher prices to marketers within Nigeria.
The company issued the rebuttal in response to claims made by the Depot and Petroleum Product Marketers Association of Nigeria (DAPPMAN). The association's Executive Secretary, Olufemi Adewole, had asserted that Nigerian marketers were being charged rates at least N65 per litre higher than international buyers.
Adewole stated that this pricing disparity has made it difficult for local operators to purchase fuel directly from the refinery. He noted that in some cases, it has proven more economical for Nigerian marketers to re-import petroleum products originally sourced from the Dangote refinery from international traders abroad.
Dismissing these reports as "misleading and inaccurate," the Dangote Group challenged the claim that fuel is cheaper in Togo. The company pointed out that the current average pump price in Lomé is approximately 680 CFA francs per litre, which translates to roughly N1,826—a figure significantly higher than the price within Nigeria.
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