Dangote Refinery has warned that heavy reliance on coastal logistics for fuel distribution could push the pump price of petrol close to ₦1,000 per litre. In a statement issued on Thursday, February 5, 2026, the refinery said transporting products by sea rather than through pipelines or road evacuation adds avoidable costs with serious implications for consumers.
The refinery said coastal delivery could add about ₦75 per litre to the cost of Premium Motor Spirit, PMS, and impose an estimated annual burden of roughly ₦1.75 trillion, based on Nigeria’s daily consumption of about 50 million litres of petrol and 14 million litres of diesel. It said these costs would ultimately be borne by either producers or consumers.
Dangote Refinery said it has invested in a gantry facility with 91 loading bays capable of dispatching up to 2,900 tankers daily, evacuating more than 50 million litres of PMS and 14 million litres of diesel every day. It described gantry loading as the most economically efficient option, as it eliminates port charges, maritime levies and vessel-related costs.
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The company also denied claims that it imports finished petroleum products, saying it only brings in intermediate feedstock while a processing unit undergoes maintenance. It added that since operations began, diesel prices have fallen from about ₦1,700 per litre to between ₦980 and ₦990, while petrol prices have dropped from about ₦1,250 to between ₦839 and ₦900, easing pressure on fuel imports and foreign exchange demand.
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