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Why We ‘Kicked Against’ Dangote’s Petrol Price Reductions — PETROAN | Lunchtime Politics
Posted
December 17, 2025
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36,591
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December 17, 2025
36,591
165
0.45%
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29:03Now PlayingPresident of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, has provided clarification on the reason it does not support a continuous reduction in prices of Premium Motor Spirit (PMS), also known as petrol, by the Dangote Refinery.
The clarification comes after the President of the Dangote Group, Alhaji Aliko Dangote, slashed petrol gantry price from N828 to N699 per litre on Friday, vowing to enforce a new pump price regime of N739 per litre.
Dangote said on Sunday that he was aware that, despite lower gantry prices, some filling stations often chose to retain high pump prices, thereby undermining his efforts.
According to him, MRS would commence the sale of petrol at N739 per litre from Tuesday, while other partners would follow.
“I was told that the marketers have met with (some officials) and were told to make sure that the price is maintained high. But this price we are going to introduce, we are going to start with MRS stations, most likely on Tuesday in Lagos; that N970 per litre, you won’t see it again. We have also asked members of IPMAN to come now. We have asked anybody who can buy 10 trucks to come and buy 10 trucks at N699.
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