• About
  • Advertise
  • Contact
Tuesday, October 7, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Oil & Gas

Your Allegation Of Cheaper Petrol Sales In Togo Misleading, Inaccurate – Dangote Refinery To DAPPMAN

Vital News by Vital News
September 16, 2025
in Oil & Gas
0
Dangote Denies Ownership Of Truck Involved In Enugu Accident
Share on FacebookShare on Twitter

The Dangote Group says allegations by the Depot and Petroleum Product Marketers Association of Nigeria (DAPPMAN) that its refinery sells petrol to international traders at cheaper rates than those offered to Nigerian marketers is misleading and inaccurate.

The group stated this in a statement in responde to the allegations made by
DAPPMAN’s Executive Secretary, Olufemi Adewole.

Adewole had claimed that members of his group purchased Dangote’s petrol at prices N65 lower in Lomé, Togo, than what the refinery sells directly in Nigeria.

He was quoted as saying that “Dangote sells to international traders at N65 cheaper than what he is selling to us.

“In some instances, we were able to buy from those people and still bring it to Nigeria.”
Read Also: Dangote’s CNG Trucks Begin Product Loading At Refinery

RelatedStories

PENGASSAN In Crisis As Members Accuse National Chairman, Osifo, Of Undemocratic Conduct, Constitutional Violations

Nigeria Is Greater Than PENGASSAN – VP Shettima

Dangote Refinery Hails President Tinubu, Security Chiefs, Ministers For Averting PENGASSAN’s Attempt To Disrupt Its Production

Dangote Refinery : PENGASSAN, NNPCL, NDMP, NUPRC Evade Service Of Court Order Halting Strike

However, Dangote Group,
questioned DAPPMAN’s claims, saying “A straightforward check reveals that the average pump price in Lomé stands at approximately 680 CFA francs per litre, equivalent to N1,826.

“This figure reflects the very scenario that DAPPMAN and its affiliates appear to advocate for in Nigeria.”

The company insisted that its refinery had “positioned Nigeria as the primary source of affordable petrol feedstock for West Africa.”

The Dangote Group further accused some marketers of “engaging in round-tripping practices—buying petrol produced in Nigeria, routing it through Togo, and then re-importing it into Nigeria at inflated prices.”

The statement queried : “It is increasingly evident that DAPPMAN and some of its members are disproportionately focused on the importation of refined products, even admitting to round-tripping.

“What, then, is the business rationale behind this practice, especially when considering the substantial additional cost of transporting petroleum products from Lomé to Lagos, costs that run into billions of naira?”

The refinery argued that local partners enjoy benefits, and asked, “If their true intention is to serve the Nigerian domestic market, why not join the growing list of local partners of the Dangote refinery?”

The Dangote Group stated that “The reality is that for some operators, the business has never truly been about delivering petroleum products to Nigerian consumers.

“Instead, it revolves around arbitrage opportunities, where they can easily triple the value of products by diverting them to more lucrative markets in the sub-region.”

The “ongoing dispute highlights tensions” as DAPPMAN claims it is “disadvantaged in pricing,” while Dangote maintains its operations have “positioned Nigeria as the most affordable fuel hub in West Africa.”
(vitalnewsngr.com)

Tags: DangoteNigeriaPetrolsellTogo
Previous Post

NNPCL GCEO, Ojulari Calls For Stronger African Collaboration To Achieve Energy Security

Next Post

Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion

Vital News

Vital News

RelatedStories

PENGASSAN Members Shut Down NNPC, NUPRC, NMDPRA
Labour

PENGASSAN In Crisis As Members Accuse National Chairman, Osifo, Of Undemocratic Conduct, Constitutional Violations

October 6, 2025
Nigeria Is Greater Than PENGASSAN – VP Shettima
Labour

Nigeria Is Greater Than PENGASSAN – VP Shettima

October 6, 2025
Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15
Labour

Dangote Refinery Hails President Tinubu, Security Chiefs, Ministers For Averting PENGASSAN’s Attempt To Disrupt Its Production

October 5, 2025
Dangote Refinery : PENGASSAN, NNPCL, NDMP, NUPRC Evade Service Of Court Order Halting Strike
Judiciary

Dangote Refinery : PENGASSAN, NNPCL, NDMP, NUPRC Evade Service Of Court Order Halting Strike

September 30, 2025
Group Knocks Senator Ali Ndume Over Comment On PENGASSAN-Dangote Feud
Labour

Group Knocks Senator Ali Ndume Over Comment On PENGASSAN-Dangote Feud

September 30, 2025
Next Post
Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion

Anti-graft Group, YPU, Decries Disrepair State Of Hospitals, Roads In Yobe In spite Alleged Release Of N1 trillion

President Tinubu  Returns To Abuja

President Tinubu Returns To Abuja

Our CNG Drivers Enjoy Life Insurance, Housing Loans, Earn Three Times The Minimum Wage – Dangote Refinery

Our CNG Drivers Enjoy Life Insurance, Housing Loans, Earn Three Times The Minimum Wage - Dangote Refinery

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

LP, PDP Lose Chairmen In FCT

3 years ago
Abiodun Tasks Religious Leaders on Peaceful Co-existence Among Residents

Abiodun Tasks Religious Leaders on Peaceful Co-existence Among Residents

1 year ago

2023 : I will consider performance when deciding who to support – Ladoja

3 years ago

Don’t Allow Nepotism, Parochial Sentiments Influence Your Voting In 2023 , Bishop Charges Nigerians

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

UN Tourism, Eko Tourism Foundation Sign Partnership Agreement, To Establish Tourism Academy In Lagos

Ododo Tasks Citizens On Intelligence Sharing To Stem Insecurity In Kogi

Idrissiya Islamic School Celebrates 40 Years Of Excellence In Islamic Education

NDLEA Smashes Cartels Behind Six Shipments Of Cocaine To UK, Arrest Baron, Five Other Suspects

Visitors Besiege Dangote Pavilion As Company Marks Special Day At Abuja Fair

Dangote Refinery Hails President Tinubu, Security Chiefs, Ministers For Averting PENGASSAN’s Attempt To Disrupt Its Production

Trending

Insecurity : Ododo Orders Proper Documentation, Screening Of Licenced Miners, Stops Rulers From Allocating Lands
News

Insecurity : Ododo Orders Proper Documentation, Screening Of Licenced Miners, Stops Rulers From Allocating Lands

by Vital News
October 6, 2025
0

By Abah Benjamin Eneojoh Governor Ahmed Usman Ododo, of Kogi State said anyone with mining licenses must...

PENGASSAN Members Shut Down NNPC, NUPRC, NMDPRA

PENGASSAN In Crisis As Members Accuse National Chairman, Osifo, Of Undemocratic Conduct, Constitutional Violations

October 6, 2025
Nigeria Is Greater Than PENGASSAN – VP Shettima

Nigeria Is Greater Than PENGASSAN – VP Shettima

October 6, 2025
UN Tourism, Eko Tourism Foundation Sign Partnership Agreement, To Establish Tourism Academy In Lagos

UN Tourism, Eko Tourism Foundation Sign Partnership Agreement, To Establish Tourism Academy In Lagos

October 6, 2025
Kogi @34 : Let Us Chart A brighter Course For Our Collective Future, Ododo Charges Indigenes

Ododo Tasks Citizens On Intelligence Sharing To Stem Insecurity In Kogi

October 6, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Insecurity : Ododo Orders Proper Documentation, Screening Of Licenced Miners, Stops Rulers From Allocating Lands October 6, 2025
  • PENGASSAN In Crisis As Members Accuse National Chairman, Osifo, Of Undemocratic Conduct, Constitutional Violations October 6, 2025
  • Nigeria Is Greater Than PENGASSAN – VP Shettima October 6, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In