Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has advised the Dangote Refinery to adopt pricing and operational practices that promote fairness, stability and collaboration in the downstream petroleum sector.
Mr Olufemi Adewole, Executive Secretary of DAPPMAN, gave the advice in a statement on Saturday in Lagos.
The News Agency of Nigeria(NAN) recalls that Dangote Petroleum Refinery said that it would start the direct supply of Premium Motor Spirit (PMS), also known as petrol to filling stations across Nigeria, starting Monday, Sept. 15.
According to Dangote, the new gantry price has been fixed at N820 per litre, while the retail pump price will vary across states.
Lagos, Ogun, Oyo, Ondo, Osun, and Ekiti are expected to retail petrol at N841 per litre, while Abuja, Delta, Rivers, Edo, and Kwara will sell at N851 per litre.
Adewole noted that sudden adjustments in product prices could trigger market shocks.
He stressed the need for consistency to protect investors, importers, and consumers alike.
“While competitive pricing is healthy, unexpected cuts at sensitive times often create uncertainty for marketers who already have products in storage or en route,” he said.
He also encouraged the refinery to maintain uniform and transparent pricing policies that do not leave domestic operators at a disadvantage.
According to him, ensuring parity between local and international buyers will reflect the refinery’s stated commitment to prioritising Nigerian consumers.
On concerns around product quality, Adewole reassured that DAPPMAN members adhere strictly to regulatory standards.
He explained that all imported products are tested by accredited laboratories under the oversight of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
“To strengthen industry confidence, we believe every operator, local or international, should consistently align with approved product specifications,” he added.
The DAPPMAN executive also suggested that the refinery review its product delivery arrangements to give marketers more flexibility and reduce costs.
“Encouraging a variety of logistics options will support efficiency in the supply chain and ultimately ease costs for end-users,” he said.
Adewole called for a collective approach that recognises the role of all stakeholders, refiners, depot operators, marketers, transporters and regulators.
“Our industry thrives on cooperation, not competition that breeds division.
“For energy security, we must prioritise dialogue, transparency and balanced communication,” he said.
He noted that DAPPMAN remains committed to fair competition, regulatory compliance, and partnership that fosters growth and investor confidence in the downstream sector.
Dangote Petroleum Refinery and Petrochemicals is a 650,000 barrels per day (BPD) integrated refinery located in the Lekki Free Zone of Ibeju Lekki Lagos, Nigeria. It is Africa’s biggest oil refinery and the world’s biggest single-train facility.
The Pipeline Infrastructure at the Dangote Petroleum Refinery is the largest anywhere in the world, with 1,100 kilometers to handle 3 Billion Standard Cubic Foot of gas per day. The Refinery alone has a 435MW Power Plant that can meet the total power requirement of Ibadan DisCo.
The Refinery will meet 100% of the Nigerian requirement of all refined products and also have a surplus of each of these products for export. Dangote Petroleum Refinery is a multi-billion-dollar project that will create a market for $21 Billion per annum of Nigerian Crude. It is designed to process Nigerian crude with the ability to also process other crudes.(NAN)
