Dangote Warns Coastal Logistics Could Push Petrol Prices to N1,000/Liter in Nigeria

Dangote Petroleum Refinery has cautioned about the potential rise in petrol prices to nearly N1,000 per liter in Nigeria due to the ongoing dependence on coastal logistics for product delivery. The company emphasizes the efficiency and cost-effectiveness of gantry loading to stabilize prices for consumers.

Dangote Petroleum Refinery estimates that coastal logistics could add approximately N75 per liter to petrol costs, urging investments in pipeline infrastructure to reduce distribution expenses and enhance energy security. The refinery highlights the benefits of domestic refining, noting a significant drop in diesel prices following increased local supply.

Dangote Petroleum Refinery calls for regulatory support to align logistical decisions with national economic interests and safeguard consumer welfare.