The Dangote Petroleum Refinery has accused the former leadership of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of issuing excessive import licences that caused petrol imports to far exceed Nigeria's actual demand in November 2025.
In a strongly worded statement on Friday, the refinery dismissed media reports suggesting the import surge stemmed from a pricing dispute or supply fallout with marketers, calling such claims "misleading and inaccurate."
According to the refinery, no supply agreement with marketers had broken down. Instead, it pointed directly to the previous NMDPRA regime for approving import volumes "beyond prevailing domestic demand" during the period.
Key highlights from Dangote's statement include:Petrol supply to marketers began in October 2025 with 600 million litres.
Volume increased to 900 million litres in November.
Further scaled up to 1.5 billion litres in December.
Since mid-December 2025, daily gantry loading has ranged between 31–48 million litres, depending on market demand figures verifiable via regulatory records.
The refinery stressed that its production and supply commitments were never the cause of the November oversupply.
Supporting Dangote's position, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has publicly declared full support for the refinery and opposition to continued petrol imports, with IPMAN National President Abubakar Garima stating that marketers have been lifting products consistently without complaints.
Dangote also noted recent efforts to make supply more accessible, including lowering the minimum purchase requirement in some cases and offering a 10-day credit facility backed by bank guarantees, while maintaining competitive, market-driven ex-gantry prices aligned with import parity.
The development renews focus on earlier tensions in the downstream sector, where Dangote had previously criticised the former NMDPRA leadership for what it described as "reckless" import licensing despite rising local refining capacity.
Official data for November 2025 showed average daily imports of 52.1 million litres against local refinery output (mainly Dangote) of 19.5 million litres resulting in total supply of approximately 71 million litres per day, well above the estimated consumption of 52.9 million litres.
Dangote reiterated its commitment to transparency, reliable supply, and collaboration to strengthen domestic refining, reduce foreign exchange pressure, stabilise fuel prices, and enhance Nigeria's energy security.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users

No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com