Dangote Warns of Potential N1000 Petrol Price Due to Coastal Loading

A recent report highlights Dangote's concerns about the potential rise in petrol prices to N1000 per liter if coastal loading continues due to increased maritime charges. Dangote Refinery emphasizes the efficiency of gantry loading for distributing refined products to major markets, aiming to maintain competitive and affordable rates.

The company's heavy investment in infrastructure, including gantry facilities capable of dispatching 2,900 tankers daily, supports seamless land-based evacuation. Dangote urges policymakers to prioritize logistics decisions that benefit consumers and sustain Nigeria's refining industry.

The refinery dismisses claims of fuel importation, citing maintenance of its fluid catalytic cracking unit and adherence to global industry practices. Dangote highlights the benefits of local refining, such as reduced diesel prices and market stabilization.

The company advocates for pipeline investments to cut distribution costs, enhance supply reliability, and strengthen energy security.