Dangote Petroleum Refinery has restarted loading petrol on trucks for oil marketers after suspending sales due to payment issues.
Why Petrol Loading Stopped
The refinery had earlier stopped loading trucks due to the suspension of the Naira for crude programme, rising crude oil prices, and foreign exchange challenges. However, it continued loading by ships on a dollar basis. Oil marketers who had agreements with the refinery were asked to pay extra before receiving supplies.
New Petrol Prices Across Nigeria
Loading of trucks has now resumed for marketers who made additional payments. Reports show that MRS Oil & Gas and other companies received supplies at ₦880 per litre.
Meanwhile, petrol prices have gone up nationwide. The latest price list from MRS Oil & Gas shows that depot prices have risen to ₦900 per litre, while pump prices have reached ₦960 per litre in some states.
- Lagos: ₦930 per litre
- South West (Ogun, Oyo, Osun, Ekiti, Kwara, Ondo): ₦940 per litre
- South South and South East (Edo, Abia, Akwa Ibom, Bayelsa, Rivers, Cross River, Enugu): ₦960 per litre
- Abuja, Kaduna, Benue, Kogi, Niger, Sokoto, Kebbi, Nasarawa: ₦950 per litre
- Zamfara, Kano, Jos, Bauchi, Taraba, Adamawa, Borno, Katsina, Jigawa, Gombe, Yobe: ₦960 per litre
The Naira-for-Crude Programme
The Naira-for-crude arrangement was introduced to boost domestic fuel supply, reduce import costs, and stabilise pump prices. Since October 2024, Dangote Refinery has received 48 million barrels of crude oil under this scheme, and a total of 84 million barrels since it began operations in 2023.
Dangote Refinery’s Commitment
Dangote Refinery has stated that it aims to meet 100% of Nigeria’s fuel needs and also export refined products. The $20 billion facility is designed to process Nigerian crude and other crude types, helping to reduce Nigeria’s dependence on imported fuel.