Lagos, Nigeria – The Dangote Group is set to launch a direct counter-attack against alleged sabotage in Nigeria’s fuel market, announcing a plan to enforce a maximum pump price of N739 per litre across partner filling stations starting this week. The move follows the Dangote Petroleum Refinery’s recent, dramatic price cut, which slashed its ex-depot rate for petrol to N699 per litre. Speaking at a press briefing at the Lekki refinery on Sunday, Group President Aliko Dangote alleged that some marketers were meeting with officials and being encouraged to maintain high pump prices to frustrate the price reduction.
Mr. Dangote vowed to use the group’s resources to ensure that the new, lower prices are implemented nationwide, specifically targeting the price range of N900 per litre. He confirmed that MRS stations would commence selling at the N739 price point from Tuesday, with other partners soon to follow. He publicly invited any bulk buyer to purchase petrol directly from the refinery at the ex-depot rate of N699. Furthermore, the billionaire publicly criticised the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), accusing the regulator of “recklessly” issuing 47 import licenses for over seven billion litres of petrol for the first quarter of 2026, a move he claimed was severely undermining and threatening the viability of local refining investments. When contacted for comment, the NMDPRA spokesman declined to issue an immediate statement.
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