Some filling stations and petroleum products marketers, partners of Dangote Refinery’s petrol, temporarily shut down for the past five days after the latest premium motor spirit price drop by the 650,000 barrels per day refinery.
DAILY POST reports that for the past five days, MRS filling stations in Abuja, along Kubwa Expressway, and others have not dispensed fuel since Dangote Refinery announced its ex-depot fuel price reduction on Tuesday, 16 April, 2025
An official of MRS filling, who preferred anonymity because he is not authorised to speak, told DAILY POST that the filling station is grappling with the loss incurred after Dangote’s latest price adjustment. …CONTINUE READING
“It is because of Dangote’s latest price drop. The filling station had old stock, which it couldn’t sell at a loss.
“This is the reason we have shut down since Tuesday. We may reopen on Tuesday,” he told DAILY POST.
Meanwhile, another official at the filling station said the retail outlet is billed to reopen on Tuesday, noting that it has been undergoing minor maintenance.
“We have been on maintenance for the past few days, which is the reason the station was shut. We will reopen on Tuesday,” he told DAILY POST.
According to him, the filling station would commence dispensing at the new price of N910 per litre from Tuesday.
DAILY POST reports that other partners of Dangote Refinery, such as AP, Ardova, and Optima, are dispensing fuel between N910 and 920 per litre in parts of Abuja as of Monday, 21st April 2025.
Reacting to the development in an interview with DAILY POST, the National President of Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry, said the latest fuel price drop affected the purchasing power of petrol retailers and marketers.
According to him, indiscriminate price adjustment, whether downward or upward, is not good for the petroleum downstream sector and the Nigerian economy.
“At every point, if prices of petrol are indiscriminately changed without any clearly defined economic reason, the chances that it will impact on the buying power of retailers and marketers are there.
“It is not good for business, the economy, and Nigerians.
“Prices of petrol change for reasons that are understandable with proper information to retailers,” he said.
DAILY POST recalls that Gillis-Harry had earlier called for a six-month fuel price stability plan to halt fluctuations.
Earlier, the spokesperson for the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, had hinted that marketers having old stocks of fuel will incur billions of losses following Dangote’s latest fuel price drop.
Last week became the second time the $20 billion refinery reduced its fuel price nationwide. This indicates a combined downward ex-depot price drop of N45 per litre.
Dangote Refinery had, on 10 April, reduced its gantry price of petrol to N865 per litre. However, the ex-depot fuel price had further dropped to N835 per litre.
This comes after the federal government’s renewed commitment to the indefinite continuation of the naira-for-crude deal with other local refiners and the drop in global crude prices to around $66 per barrel.
The Nigerian National Petroleum Company Limited recently reduced its retail price to N935 per litre for customers in Abuja in response to Dangote Refinery’s latest price cut.
This means that Nigerians currently buy petrol at between N890 and N950 per litre, depending on the location nationwide.
