Dangote Refinery Sets Gantry Price at N825, Promises Customers Refunds on Overpriced Petrol

In a bold move aimed at stabilizing fuel prices and protecting consumers, Dangote Refinery has announced a significant reduction in its petrol gantry price to N825 per litre, effective February 27, 2025.

According to the compqny, this decision, coupled with a promise to refund customers who are overcharged, signals the refinery’s commitment to ensuring affordable fuel for Nigerians nationwide. The announcement comes amidst concerns about excessive profiteering in the retail petrol market, prompting Dangote Refinery to take decisive action.

The refinery’s statement condemned the practice of retailers purchasing petrol at the new gantry price and then selling it to consumers at inflated rates, sometimes exceeding N945 per litre. This, the refinery argued, constitutes “excessive profiteering” and places an undue burden on Nigerian citizens. To combat this, Dangote Refinery has established approved retail prices with its key partners—Ardova Plc (AP), Heyden, and MRS—with slight variations based on regional logistics.

Specifically, in Lagos, MRS will sell petrol at N860 per litre, while Heyden and AP will charge N865. Prices will incrementally increase in other regions, with the South-West seeing a N870/N875 range, the North N880/N885, and the South-South and South-East N890/N895. These approved rates are designed to reflect transportation costs and ensure fair pricing across the country.

A key component of Dangote Refinery’s consumer protection initiative is its promise to refund customers who are overcharged. The refinery has encouraged consumers to report any instances where they are charged above the advertised rates at its partner stations, providing their receipts as proof. Upon verification, Dangote Refinery will issue a full refund of the excess amount. This unprecedented step aims to deter retailers from price gouging and ensure that the benefits of the reduced gantry price are passed on to the public.

According to the statement, the company noted “It is both unpatriotic and detrimental to the welfare of Nigerians for any party to purchase at a rate of N825 per litre and then sell to consumers at N945 or more per litre. This constitutes excessive profiteering, further burdening Nigerians for personal gain.

“Dangote refinery, in its effort to ensure good quality and affordable fuel for Nigerians, is working with its partners to make this price accessible. Consumers who purchase fuel above the advertised rate at any of its key partners – Ardova Plc (AP), Heyden, or MRS – anywhere in Nigeria are encouraged to report to Dangote refinery with their receipts for a full refund of the excess amount.”

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Beyond price stability, Dangote Refinery has reiterated its commitment to providing high-quality, eco-friendly fuel that enhances vehicle performance and supports public health. This aligns with the refinery’s broader vision of contributing to Nigeria’s economic growth and ensuring access to sustainable energy solutions for all Nigerians. The refinery’s emphasis on quality is a direct response to the long history of substandard fuel in Nigeria’s market.

Furthermore, the company stressed “With the new gantry price set at N825 per litre, Dangote Refinery expects that no Nigerian will pay more than N900 per litre for PMS, regardless of location or petrol station. The refinery also underlined its commitment to providing high-quality, eco-friendly fuel that benefits vehicle performance and supports public health.

“Our commitment aligns with the objectives of President Bola Tinubu’s Renewed Hope Agenda, which champions self-sufficiency in critical sectors like energy. We remain dedicated to supporting Nigeria’s economic growth and ensuring every Nigerian has access to affordable, high-quality energy solutions.

“In this journey toward energy security, we stand united with the Nigerian people, always striving to provide lasting solutions and a more prosperous future for all.”