Dangote Links High Petrol Prices to Smuggling in Nigeria
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, stated that the high price of petrol in Nigeria is largely due to the smuggling of petrol to neighboring countries, where it is sold at much higher prices. In an exclusive interview with Arise Television on September 15, 2026, Dangote explained that despite Nigeria's refining capacity and crude oil production, petrol prices remain elevated.
He noted that the recent increase in the gantry price of petrol by Dangote Petroleum Refinery from ₦1,265 to ₦1,350 per litre, effective September 12, was influenced by rising international crude and petroleum product prices. Dangote highlighted that petrol prices in neighboring countries are 30% to 50% higher than in Nigeria, incentivizing smuggling.
He urged people to compare prices across borders, indicating that even at ₦1,350, petrol in Niger is still 20% to 25% more expensive than in Nigeria.
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