Dangote Warns of N1,000/Liter Petrol Price, Advocates for Pipeline Investment

Dangote Petroleum Refinery has raised concerns about the possibility of petrol prices in Nigeria hitting N1,000 per liter due to inefficient coastal fuel evacuation methods. The refinery notes that these methods add unnecessary costs, pushing pump prices higher.

Dangote Petroleum Refinery advocates for investing in pipeline infrastructure to lower distribution costs, enhance supply reliability, and strengthen security. The company emphasizes that a shift to more efficient evacuation methods, such as pipelines, could help stabilize fuel prices and benefit consumers and local refineries.

Additionally, the refinery dismisses claims of fuel market inadequacy, citing its capacity to meet domestic fuel demands and even export refined products. Dangote Petroleum Refinery underscores its commitment to offering affordable prices and efficient logistics while urging regulatory support for fuel distribution strategies that protect consumers and sustain the advantages of local refineries.