₦airaland Forum

Despite receiving petrol at N820 per litre with no logistics costs, partners of the Dangote Refinery have yet to reduce pump prices at their filling stations.

Findings by The PUNCH on Sunday revealed that Heyden, AP, MRS and other major partners continued to sell petrol at N865 per litre.

Apart from a few MRS outlets in Lagos that adjusted their prices to N841 per litre, most stations maintained the previous rates. The MRS station at Alapere experienced long queues as motorists rushed to buy petrol at N841, while others along the same axis sold for N865 per litre.

However, at the MRS station in Olowotedo, along the Mowe–Ibafo axis of Ogun State, petrol sold for as high as N875 per litre. Heyden offered N863, while Ardova and others retained prices between N865 and N870 per litre.

Recall that marketers, including Conoil, Eterna, Golden Super, Nepal Energies, Kifayat Global Energy, and Riquest and Gas, had partnered with the Dangote Refinery under its logistics-free fuel distribution scheme.

The refinery had earlier announced that from Monday, September 15, petrol prices were expected to drop following the rollout of more than 1,000 compressed natural gas-powered trucks to enable direct fuel distribution across the country. According to Dangote, the initiative was designed to cut logistics costs and reduce the ex-depot price to N820 per litre, translating into lower pump prices nationwide.

Under the new pricing framework, motorists in Lagos and other South-Western states were expected to pay N841 per litre, while those in Abuja, Rivers, Delta, Edo and Kwara states were projected to buy at N851 per litre.

The adjustment was meant to take immediate effect in selected states, with a nationwide rollout to follow as more CNG trucks were deployed. However, nearly three weeks later, the anticipated relief has not materialised, as most filling stations continue to sell at old rates.

Our correspondent observed several Dangote CNG trucks along the Lagos–Ibadan Expressway, confirming the commencement of the direct, logistics-free fuel distribution scheme.

Some marketers claimed that they had not reduced prices because they still held old stock purchased at higher costs, saying adjustments would be made once the new supplies reached their tanks.

However, a source at the Dangote Refinery told The PUNCH that many of the marketers had already received new supplies and had no justification for maintaining prices above N841 or N851 per litre, depending on their location.


“It’s unfair to keep selling at old rates. They are receiving the product at N820 per litre with free logistics, yet they’re still selling higher, that’s not right,” the source, who requested anonymity, said.

The source further explained that the refinery could not enforce pump prices.

“We can’t compel them as before. It’s purely on recommendation, since marketers insist the law does not permit us to fix pump prices, and NMDPRA seems to agree,” the official noted.


“Those who submitted their station lists are already getting supplies. We would have covered more ground if not for the PENGASSAN issue, but by this new week, we expect wider coverage. Still, marketers should understand that Nigerians are watching and expecting new prices; that’s why you see queues at the MRS station in Alapere,” the source added.

Meanwhile, not all stakeholders have welcomed Dangote’s frequent price adjustments. The Depot and Petroleum Products Marketers Association of Nigeria recently criticised the refinery’s pricing strategy, saying the timing of its cuts often disrupts market stability.

DAPPMAN Executive Secretary, Olufemi Adewole, argued that portraying the price reductions as patriotic gestures ignored their broader implications.

“Claims that repeated fuel price reductions by the Dangote Refinery are patriotic overlook their timing and market impact. These cuts are often introduced when other importers have active cargoes at sea or in tanks, creating price shocks that distort competition and impose financial strain on market participants — including the refinery’s own domestic customers,” Adewole said.

For over a year since commencing petrol production, the Dangote Refinery has effectively taken over as the market’s price trendsetter, displacing the Nigerian National Petroleum Company Limited from its traditional role.

NNPC spokesperson Andy Odeh confirmed that the company had not adjusted its rates.

“Our current pump price in Lagos remains N865. We have not made any changes,” he said.

Independent marketers had previously pledged to review pump prices once they began receiving supplies from Dangote, but as of Sunday, no adjustments had been made.

Source: https://punchng.com/petrol-remains-n865-litre-amid-dangotes-free-delivery

Nothing like free delivery. The cost of delivery is factored in the cost of the product. Nigerians have suffered in the hands of dangote and other business entities because if lack of monitoring and regulation.

This is the Nigerian issue , it will only come down when MRS brings theirs down

This is the type of business model obtained in Nigeria. When it comes to upward adjustment, they wouldn't wait for a second to implement it but when it comes to downward review will take eternity.
Na we dey do ourselves for this country. Everyone is looking for a way to siphon from the next person at all cost.
The story is the same in all sectors whether it's food or medicine it's always the same.

we too complain for this country, everyone should chill at least it's going down by 2027 it will be sold at #50.lets support agbero chairman to give this country the touches it need

Thank you dangote for resisting the cabal's pressure and intimidation. It was really a mess ahead of take off. I remember how he wanted to sell at 500 naira,/L but the nnpc hijacked the downstream operation and dictated the selling price. I knew the abracadabra wouldn't last long. Where's their rivers refinery cum blending facility today? Set awon ole,businessmen-in-politics and anti-masses crusaders.

It is N950 here. Petroleum should be brought down to N20 for all the masses to enjoy. Enjoyment galore.

So wetin come cause scarcity of gas?

This 40 character thing don taya me.

It's 857 here in filling stations along Ibadan side of Lagos toll gate, with the exception of Bovas filling station

Since this dangote enter this petroleum sector,na wahala everyday, What does all this rich men want from Nigerians sef.. if not the downfall of the masses..

The supply chain is consistent, price is stable and there is room for further reduction.

Besides, they just started supplying to key states.

Stop this useless and baseless propaganda against Dangote and his business.

ogolemati:
we too complain for this country, everyone should chill at least it's going down by 2027 it will be sold at #50.lets support agbero chairman to give this country the touches it need

Yes nah.
It will be sold for N50 or even N40, down from the price of N70 we have been buying it since 2015.

Isn’t this APC government wonderful!!!

Buhari’ll reduce petrol to N40/L —David-West

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

https://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

Meedon:
It is N950 here. Petroleum should be brought down to N20 for all the masses to enjoy. Enjoyment galore.

Stop using words carelessly.

Petrol and petroleum don't have the same meaning

Nigerians are desperately greedy!!!

11 more characters needed

Richtaiwo:
So wetin come cause scarcity of gas?

This 40 character thing don taya me.

why are you always negative when in surplus.una agbero chairman is doing well for the country . please don't bring your scarcity here

The free delivery is a marketing strategy to penetrate the market. Once the business model becomes established then filling stations might start paying for delivery. The cost of the delivery might be insignificant to drive a price reduction of the pump price sef.

BlueStripper:
The supply chain is consistent, price is stable and there is room for further reduction.

Stop this useless and baseless propaganda against Dangote and his business.

You are so right that we should stop this useless and baselessly baseless propaganda against the promise of the president.

When last did you read about Stockholm syndrome

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

However, pump price of fuel hit N537 per litre days after Tinubu ended subsidy.

On Tuesday, the price climbed further to N617, a development that the Nigerian National Petroleum Corporation Limited (NNPCL) attributed to “market forces”.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.

King Wasiu Ayinde Marshall, a Fuji musician who performed at the rally, interrupted the president’s speech with chants as the crowd cheered.

On the campaign podium with the president were Vice-President Kashim Shettima; Pa Bisi Akande, interim National Chairman of the APC; Femi Gbajabiamila, Chief of Staff to the President; Senator Gbenga Daniel; among other bigwigs of the ruling party.

Tinubu went further to say Nigerians would defy the acute fuel scarcity at the time and trek to cast their votes.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200/N500 per litre. Go and relax, we will crash the prices,” he had said.

https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-

he had said in the 7th minute of the video.



https://www.youtube.com/watch?v=4JH8CC_JdUA

(A case study of Nigeria citizens & their elected oppressors).

During the Soviet dictatorship of Joseph stalin. He was a brutal dictator with mind of his own. On one fateful day, stalin came to Politburo meeting with a live chicken. Standing in front of audience, He started to pluck the feathers of the live chicken off one by one. The chicken trembled in pain, blood tricking out of its pores. It gave out grievous cries, but stalin being a cruel dictator continued without remorse plucking the feathers out until the chicken was completely Unclad. After which, he threw the chicken on the ground. The Unclad chicken was staggering in pain. stalin goes into his pocket and from his pockets, he took out some chicken food and started to throw it at the poor & hapless creature. The poor chicken in pain started eating and stalin started walking towards his seat. As he walked away, he kept dropping some feeds on the floor & the chicken followed him and sat feeding from his feet.

Joseph stalin then turned to members of his political party leadership. He said, "This chicken represents the people". "You must disempower them, brutalise them, beat them up, starve them and then leave them". "If you do this, go into your pocket & give them peanuts when they are in that helpless and desperate situation, they will blindly follow you for the rest of their life, worshiping you". "They will think you are a hero forever. They will forget that, you're responsible for their sorrowful situation in the first place." Breath taking, isn't it ?

Now! Take a look at all the people some Nigerians are busy defending on social media. Take a look at those they call their heroes. They are the same people who plunged Nigeria into the situation she is. They are the same people who are responsible for their predicaments. Did you see the numbers of people that throng to Saraki's House during this Sallah period to go collect peanuts? People trooping to Bola Ahmed Tinubu Foundation offices to collect branded One kilo bag of Rice & Noddles. Did you see the number of people of all ages who troop out to welcome Ex- convict James Ibori to South South! Do you see the number of handle mop following obi as if he is a seat? what of the one following dino malaye?

Your guess is as good as mine. Nigerians kill those they should defend and defend those they should kill! Pass to all your contacts & let your Political & Religion Leaders read, understand & digest.

That's not true. I have been buying from MRS at #841. Others should drop their price as well. That's the role of market forces determining price. We want it to go down further without being subsidised.

anonimi:
Yes nah.
It will be sold for N50 or even N40, down from the price of N70 we have been buying it since 2015.

Isn’t this APC government wonderful!!!




Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

be patient agbero chairman will get it to that price.in agbero chairman the agbero union nairaland branch stands

Shey e supposed dey sell #200 as na una follow contribute buy am the delivery truck
Mtchewwwwwwwwww
At least for now, even if l never like dangote for once, l support am in full for this oil matter.

Una wicked mama and Papa who be petrol marketers will be selling a litre for 2000 by now if not for dangote.

Richtaiwo:
Stop using words carelessly.

Petrol and petroleum don't have the same meaning

What does it matter? With you the words your drop here now, how has it improved your life?

ogolemati:
we too complain for this country, everyone should chill at least it's going down by 2027 it will be sold at #50.lets support agbero chairman to give this country the touches it need

we tew complain ?? despite the complains See the state of the nation, health 0, power 0 governance 0 .... if we kum keep quiet nkor

Can you be in pain and keep quiet, or sleep,
we havent felt "comfort" you are asking us to chill, do you realize its our noise that made pengassan back down
from #530 poat subsidy removal pms is now 850 .. thats still a widen margin to capsulate " "coming down"

chidiokay:
we tew complain ?? despite the complains See the state of the nation, health 0, power 0 governance 0 .... if we kum keep quiet nkor

Can you be in pain and keep quiet, or sleep,
we havent felt "comfort" you are asking us to chill, do you realize its our noise that made pengassan back down
from #530 poat subsidy removal pms is now 850 .. thats still a widen margin to capsulate " "coming down"

am not against you .but against the agbero chairman and agbero union that have brought this hardship upon the people

Meedon:
What does it matter? With you the words your drop here now, how has it improved your life?

Very well.

Infact, it accounts for over 80% of my success.

Moreover, English is our official language, stop murdering it, because at least some naive school children visit the site. Nothing is wrong in showing any literate guy around you for correction before posting.

ogolemati:
am not against you .but against the agbero chairman and agbero union that have brought this hardship upon the people

Since the assumption of office by the agbero chairman, the recurring narrative has been: 'It is a necessary pain,' 'Endure the pain,' 'A painful but essential surgery.' One must ask: did he assume leadership solely to subject the people to continuous pain and hardship? At what point will this pain come to an end?

Ofunaofu:
Since the assumption of office by the agbero chairman, the recurring narrative has been: 'It is a necessary pain,' 'Endure the pain,' 'A painful but essential surgery.' One must ask: did he assume leadership solely to subject the people to continuous pain and hardship? At what point will this pain come to an end?

nigerians don't know yet what they have gotten themselves into until that weapon fashioned against them wins 2027

It will improve with time.
In economics, things like this do not just change prices immediately especially in Nigeria kinda market.it takes a little time

slivertongue:
Nothing like free delivery. The cost of delivery is factored in the cost of the product. Nigerians have suffered in the hands of dangote and other business entities because if lack of monitoring and regulation.

Same u that was supporting those PENGASSAN crooks in sabotaging Dangote dey open mouth?

ogolemati:
nigerians don't know yet what they have gotten themselves into until that weapon fashioned against them wins 2027

Karate kid, from your posts of late, it is quite obvious that u have resolved that President Tinubu has already won the general election in 2027?

The enemies of Nigeria are more within than without.

not their FAULT as the Machine can only INCREASE, not REDUCE. 9ja ma corn3