Industry sources told KogiTribune that the new pricing has altered the competitive dynamics in the downstream sector, particularly as the Federal Government’s 15 per cent import duty on refined fuel makes imported petrol more expensive than locally refined products.
Some marketers, however, caution that importation remains crucial to maintain supply, noting that local refineries—including Dangote—are not yet able to meet the country’s full demand. Billy Gillis-Harry, President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), explained that imports currently complement the 30–35 per cent of petrol produced locally. He warned that a sudden halt in imports could trigger shortages nationwide.
According to data from the Major Energies Marketers Association of Nigeria (MEMAN), the average import parity price for petrol over the past 30 days is N824.10 per litre, slightly below the new Dangote gantry price. Spot landing prices at Nigerian ports range from N830.80 to N830.82 per litre, reflecting minor increases from previous levels.
PETROAN confirmed that some marketers are already purchasing fuel from Dangote, but noted challenges with loading schedules. While Dangote’s price gives it a strong competitive edge, Harris emphasized that importation will not stop entirely, and any pause must be carefully managed to avoid disruption to supply.
At retail level, petrol prices now range between N850 and N950 per litre depending on location and marketer. Analysts say that the recent adjustments, combined with the pending import tariff, could reshape the downstream market while highlighting the growing influence of local refining on national fuel supply.
