New fuel price emerge as landing costs rise again, above Dangote Refinery price

• The Nigerian downstream petroleum assemblage has seen galore terms fluctuations successful caller weeks, resulting successful a play alteration of terms astatine the pumps
• Importers are present successful dire straits arsenic different alteration successful the landing outgo of petrol whitethorn effect successful dense losses for them
• The caller prices are mode supra the terms being offered by Dangote Refinery partners to the public, leaving them nary borderline for profit

Legit.ng journalist Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.

The Major Energies Marketers Association of Nigeria (MEMAN) disclosed that the landing outgo of imported petrol has risen, and present averages astir N870 per litre.

This summation places the marketers successful a choky presumption arsenic the terms is already higher than the N835 per litre offered by the Dangote Refinery, giving them nary borderline to adjacent merchantability astatine a break-even price.

Between April 28 and 29, 2025, the product's landing outgo ranged betwixt N872 and N868 per litre, which was besides higher than the Dangote Refinery price.

With the caller landing outgo supra Dangote price, the importers person zero borderline for profits. Photo credit: Dangote Group/contributor
Source: Getty Images

Recall that connected April 23, erstwhile Dangote Refinery announced an ex-depot terms of N835 per litre, the landing outgo was already averaging N859 per litre.

With the accordant summation successful landing costs since then, petroleum marketers find themselves successful a challenging position, incapable to merchantability astatine a profit.

Recall that the impermanent suspension of the naira-for-crude woody gave petroleum importers country to rise PMS terms by astir N100 from N860 to N950.

Since the instrumentality of the naira-for-crude policy, Dangote Refinery has announced terms cuts week aft week.

The landing outgo of imported substance dropped briefly, astir N12 beneath Dangote Refinery price, but the refinery responded rapidly with different terms cut.

Several importers told the PUNCH that it had negatively impacted their businesses, forcing them to sometimes merchantability beneath outgo terms truthful that they can crook implicit and restock astatine a amended price.

Retailers kick of fluctuations

The National President of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, has said that the unpredictable terms changes precocious person slowed down concern for retailers.

The Dangote Refinery has consistently fuelled the terms war, announcing a caller terms chopped erstwhile landing costs drop. Photo credit: Contributor
Source: Getty Images

He stressed the request for marketplace forces to negociate the changes well, adjacent arsenic the retailers effort to woody with the challenges and supply energy to Nigerians.

Gillis-Harry commended the authorities for deregulating the manufacture and noted that things volition stabilise successful time, benefiting some consumers and retailers.

Marketers pass of looming losses arsenic Dangote Refinery slashes price

Following the instrumentality of the naira-for-crude woody ordered by the Nigerian government, the Independent Petroleum Marketers Association of Nigeria (IPMAN) warned lipid dealers and importers against pending losses.

Legit.ng reported that this informing came aft different autarkic marketer, SGR, crashed petrol prices to N899 per litre astatine its filling stations.

The marketers warned that terms cuts from the antithetic players could effect successful a precarious situation, and advised the importers to marque purchases carefully, to debar being stuck with products they cannot sell.

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Source: Legit.ng