Dangote Petroleum Refinery has revealed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) is seeking an annual subsidy of N1.505 trillion to enable members to sell fuel at the same price as the refinery’s gantry rates.

The refinery explained that while it already offers petroleum products at gantry prices, DAPPMAN prefers to transport fuel through coastal logistics, adding N75 per litre in extra costs. With Nigeria’s daily consumption of 40 million litres of Premium Motor Spirit (PMS) and 15 million litres of Automotive Gas Oil (AGO), these costs would translate into the massive subsidy request.

Dangote Petroleum stressed that it has no plans to raise its gantry prices or absorb the N1.5 trillion cost. Marketers are encouraged to lift products directly from the gantry to benefit from logistics-free pricing.

The refinery also highlighted its ability to meet domestic demand while supporting exports, maintaining a consistent stock of 500 million litres of refined products monthly. Between June and September, Dangote exported over 3.2 million metric tonnes of fuel, while marketers imported nearly 3.7 million metric tonnes, a practice the refinery said could harm the Nigerian economy.

Reaffirming support for President Bola Ahmed Tinubu’s reform agenda, Dangote Petroleum emphasized that its operations help stabilize the Naira, cushion the impact of fuel subsidy removals, boost foreign exchange earnings, create jobs, and position Nigeria as a refining hub.

The company concluded that it remains open to partnerships with responsible stakeholders while firmly defending its policies through legal and regulatory channels if necessary.