ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, September 20, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Dangote Refinery Says It Won’t Absorb Extra N1.5trn Costs Demanded By DAPPMAN

by Nafisat Abdulrahman
2 days ago
in News
Dangote Refinery
Share on WhatsAppShare on FacebookShare on XTelegram

Dangote Petroleum Refinery has restated its position in the ongoing dispute with the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), saying the group’s demand of an annual subsidy of ₦1.505 trillion to cover additional costs linked to coastal logistics was untenable.

Advertisement

In a statement signed by its management and made available to journalists on Wednesday, September 17, 2025, the company said it stands by its earlier sponsored publication in several national newspapers on September 15, despite DAPPMAN’s threats of a seven-day ultimatum.

“Dangote Petroleum Refinery stands by its statement on the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), published on Monday, September 15,” the statement read.

“We wish to emphasise that any party who feels aggrieved by the contents of the publication is entitled to seek redress through the appropriate legal channels, without recourse to any so-called seven-day notice. We are fully prepared to defend our position,” the refinery said.

The refinery alleged that DAPPMAN’s “sustained attacks” stemmed from its insistence that Dangote should discount coastal freight and other associated charges amounting to ₦75 per litre, so that marketers can match its gantry prices at their depots in Apapa.

Related News

Sunshine Queens, Castmog Ladies, Two Others Gain Promotion To NWFL

2 hours ago

Foreign, Domestic Investors’ NGX Trade Declines To N908bn In August

2 hours ago

According to Dangote, the marketers were effectively asking it to absorb ₦70 per litre in coastal freight, NIMASA and NPA charges, plus an additional ₦5 per litre for vessel pumping costs.

“Based on projected daily consumption volumes of 40 million litres of Premium Motor Spirit (PMS) and 15 million litres of Automotive Gas Oil (AGO), this amounts to an additional annual cost of ₦1.505 trillion, which they are effectively asking us to absorb and pass it on to consumers,” the statement read.

Dangote maintained that it has no intention of raising its gantry prices or paying what it described as a subsidy that mirrors past practices which defrauded the federal government.

“DAPPMAN and other marketers are welcome to lift products directly from our gantry and benefit from our logistics-free initiative,” the company said.

The refinery also faulted the continued importation of petroleum products by marketers, describing it as “dumping” that undermines the local economy. Between June and September 2025, Dangote said it exported 3,229,881 metric tonnes of refined products while marketers imported 3,687,828 metric tonnes within the same period.

On capacity, the company stressed that it consistently maintains a closing stock of 500 million litres of refined products in its tanks each month and is capable of meeting both domestic demand and export needs.

Dangote Petroleum Refinery reaffirmed its commitment to the economic reforms of President Bola Tinubu, saying it would continue to support efforts aimed at stabilising the naira, cushioning the impact of fuel subsidy removal, and positioning Nigeria as a refining hub.

“We enjoy strong working relationships with government agencies and remain committed to supporting their efforts, while not hesitating to hold institutions accountable where necessary,” the statement added.

The management further pledged that the refinery would remain open to partnerships with what it called “patriotic and responsible stakeholders in pursuit of national development.”

Join Our WhatsApp Channel

Tags: Dangote Refinery
SendShare10176Tweet6360Share

Other News Updates

News

Sunshine Queens, Castmog Ladies, Two Others Gain Promotion To NWFL

2025/09/20
Business

Foreign, Domestic Investors’ NGX Trade Declines To N908bn In August

2025/09/20
News

PTML Customs Urges Importers, Agents On Compliance In Cargo Declarations

2025/09/20
Business

Right Violations: NCAA Threatens Sanction On Qatar Airways, Others

2025/09/20
Business

Airtel Africa’s AI System Flags 205m Spam SMS Across 13 Markets

2025/09/20
News

NLNG Sustains 100% Nigerian Led Mgt Team Through Local Content Policy Drive

2025/09/20
Leadership Conference advertisement

LATEST

Boxing: Joshua Set To Fight In Nigeria In 2026

World Athletics Championships: Ezekiel Nathaniel Sets New Nigerian 400mH Record

World Athletics Championships: Amusan Dedicates Silver Medal To Fans

D’Tigers Drops In Latest FIBA World Ranking

EPL: Amorim Could Be Sacked By Man Utd After Chelsea Game – Shearer

Ofem, Akintokun Secure Positions On Nigeria Cricket Federation Board

NCF Elections: Emeka Onyeama Unveils 7-Point Agenda To Grow Cricket In Nigeria

Life Harder For My Dad Than Footballers – Maresca

Premier League Ticket Black Market Exposed

World Athletics Championships: Lyles Wins Fourth Conscutive 200m Title

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.