Dangote refinery resumes loading petrol for marketers
Dangote Petroleum Refinery has resumed loading petrol to trucks belonging to oil marketers after an initial halt following the suspension of the Naira-for-crude initiative, rising crude price and foreign exchange issues.
Thouth the company stopped loading of trucks that paid in Naira, the loading by ships on dollar basis continued.
Dangote Refinery had told local marketers to “top up” payment so they can be supplied petrol, and as at Monday, many companies, including MRS which complied, got petrol at N880 per litre.
“Loading by trucks has commenced for oil marketing companies, which have added more money,” a reliable source indicated.
Meanwhile, petrol prices have risen across the country, with new pump and depot prices reaching N960 and N900 perg litre.
The adjustments came into effect March 28, 2025.
In Lagos, petrol will sell for N930 per litre, states in the South West, N940 per litre; South South and South East regions, N960; Abuja, Kaduna, Benue, Kogi, Niger, Sokoto, Kebbi, and Nasarawa, N950; and Zamfara, Kano, Jos, Bauchi, Taraba, Adamawa, Borno, Katsina, Jigawa, Gombe, and Yobe, N960 per litre.
The naira-for-crude arrangement was originally designed to enhance domestic fuel supply, curb import costs, and stabilise pump prices.
Under the scheme, Dangote Refinery had received 48 million barrels of crude oil in naira from October 2024, and a total of 84 million barrels since it began operations in 2023.
A report on the company’s website indicates that it is poised to meet 100% of the Nigerian requirement of all refined products and have surplus of each of the products for export.
