DEAL DENIED! Why the Big Plan to Buy Fuel From Dangote Is Falling Apart as Cheaper Foreign Petrol Floods the Market!

The big “brotherhood” between Nigerian oil marketers and the Dangote Refinery is currently facing a rocky patch. Just weeks after everyone celebrated a deal to buy fuel directly from the Lagos-based mega-refinery, the agreement is reportedly crashing.

The reason? A massive wave of imported petrol has hit Nigerian shores, and surprisingly, it’s selling for less than what Dangote is offering.

Independent marketers, who are always looking for the best price to keep their stations running, are now turning their backs on the local refinery to chase these cheaper imports. Insiders say that after calculating the costs, importing fuel from abroad is currently ₦30 to ₦50 cheaper per liter than driving trucks to the Dangote plant.

This has sparked a heated debate. Supporters of the refinery are crying foul, claiming that “international forces” are deliberately dumping cheap fuel into Nigeria just to kill off Dangote’s business before it can truly take over the market. They argue that if Nigerians don’t support their own, the dream of “cheaper local fuel” will die a quick death.

However, the marketers say they have no choice. “We have to survive,” one station owner remarked. “If I buy expensive fuel from Dangote and my neighbor buys cheap imported fuel, I will lose all my customers.”

As ships filled with foreign petrol continue to dock at the ports, the hope that Dangote would end fuel imports is currently hanging by a thread. For the average Nigerian, this means the expected “price crash” at the pumps is on hold while the “big boys” fight it out over who gets to supply your tank.