Fuel loading at the Dangote refinery has reportedly stalled amid a dollar-pricing dispute, forcing marketers to scale back purchases and triggering federal intervention.
Marketers, FG, Dangote Clash Over Dollar Petrol Pricing
Nigeria’s downstream fuel sector is on edge. Marketers say loading has slowed to a crawl at the Dangote Petroleum Refinery after the facility moved to price petrol in dollars, according to a report by The PUNCH on Sunday.
The Independent Petroleum Marketers Association of Nigeria says trucks are sitting idle while operators wait for clarity on pricing. IPMAN’s National Publicity Secretary, Chinedu Ukadike, said marketers are surviving on existing tank-farm stock bought around N1,250–N1,300, wary of loading fresh volumes without knowing tomorrow’s price.
In the South-West, IPMAN’s Oyewole Akanni says the freeze began four days ago, pushing marketers to costlier private depots and shutting some stations, though he insists there’s no scarcity — just panic-inducing uncertainty.
Dangote’s spokesperson denies any halt, calling it “fake news,” and blames rising Lomé prices for marketers’ struggles competing.
Behind the scenes, The PUNCH reports Dangote is pushing back against import licences for rivals and demanding more naira-denominated crude — grievances the Federal Government is still negotiating, even as the FCCPC insists the naira remains Nigeria’s only lawful transaction currency.
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