The Dangote Petroleum Refinery has officially debunked reports suggesting that recent reductions in petrol pump prices were due to the Federal Government’s purported suspension of the 15 per cent import duty on petrol and diesel.

The company categorically described the claims circulating in the media as false, misleading, and inconsistent with actual market realities.

The refinery explained that the only factor behind the downward adjustment in pump prices was its independent 5.6% reduction in PMS gantry and coastal prices which took effect on November 6.

It can be recalled that Dangote previously cut its gantry price from N877 to N828 per litre and its coastal price from N854 to N806 per litre.

Dangote noted in the statement that this price reduction move was widely reported across major Nigerian media outlets at the time of implementation.

The refinery stated that these significant reductions, which were implemented ahead of the marketers’ subsequent pump price adjustments, are now being wrongly attributed to the non-implementation of the import tariff.
Dangote further clarified that the 15% import tariff had already received presidential approval on October 21, and its implementation status, whether active or suspended, had absolutely no influence on the company’s independent pricing decisions.

The company also took the opportunity to criticize the continued importation of substandard, higher-priced fuel, describing it as harmful dumping that actively undermines the local industry—recalling similar trends that once crippled Nigeria’s textile sector.

The Dangote Petroleum Refinery reiterated its steadfast commitment to supplying high-quality, competitively priced petroleum products and moderating market prices for the benefit of all consumers.

Finally, the company urged all stakeholders and the media to rely only on verified, factual information when reporting on the sector, acting in the interest of the Nigerian public.