Oil marketers confirm Dangote petrol is the most affordable in Nigeria.
For every Nigerian who has spent the last few months checking fuel prices like they are watching stock market charts, there is finally some clarity coming from the people who actually move the product. In a fresh update that is currently stirring conversations across the country, major oil marketers have come out to declare that the petrol coming out of the Dangote Refinery is currently the most pocket-friendly option available in the market.
As an editor who has followed the back and forth between the refinery and various stakeholders, I can tell you that this statement from the Independent Petroleum Marketers Association of Nigeria and their counterparts in the retail sector marks a significant shift in the energy narrative of our nation. It is not just about the numbers on the pump anymore; it is about the reality of local production meeting local demand at a price that actually makes sense.
Breaking the monopoly through local production and supply
For a long time, the Nigerian fuel market was heavily dependent on a single source of supply, which often led to confusion regarding the actual landing cost of petrol. However, the entrance of the Dangote Refinery into the downstream sector has completely changed the game. Marketers are now pointing out that because the refinery is producing right here on our soil, many of the heavy costs associated with importing finished products, such as international freight and port charges, are being bypassed.
This has allowed the refinery to offer a price that is difficult for any importer to beat without government intervention. The marketers have been very vocal about the fact that any filling station that is lifting directly from the Lekki based plant is in a better position to offer a cheaper pump price than those relying on other sources.
What this means for the price at the pump for every Nigerian
We all know the struggle of driving past three different filling stations and seeing three different prices. The confirmation from marketers that Dangote’s product is the cheapest suggests that we might finally be heading toward a period of price stabilization. When the marketers who control thousands of retail outlets across the country admit that a local product is more affordable, it creates a healthy competition that eventually benefits the common man.
If more marketers start lifting from the refinery, the logic is simple: the overall cost of transportation and logistics will drop, and that should reflect in the final price you pay when you pull up at the station to fill your tank. It is a breath of fresh air for a public that has been battered by the rising cost of living.
Ensuring sustainability in the downstream oil sector
While the current price advantage is great news, the bigger picture is about the sustainability of our energy sector. The marketers are not just talking about today; they are looking at a future where Nigeria no longer has to worry about foreign exchange scarcity affecting whether or not there is fuel in the country.
By patronizing our local refinery, we are keeping the value within our borders and creating a more predictable market. The leaders of the various marketing associations have emphasized that they are ready to work closely with the refinery to ensure that the distribution is seamless.
This collaboration is the key to ending the era of fuel scarcity and ensuring that every part of Nigeria, from the bustling streets of Lagos to the remote corners of the North, has access to affordable energy.
Join Our Social Media Channels:
WhatsApp: NaijaEyes
Facebook: NaijaEyes
Twitter: NaijaEyes
Instagram: NaijaEyes
TikTok: NaijaEyes
