Dangote Refinery Fuel Price Exceeds Import Landing Cost as Market Data Sparks Debate in Nigeria

Recent industry data has sparked fresh discussions in Nigeria’s downstream oil sector, as figures show that the gantry prices from Dangote Refinery are currently higher than the landing cost of imported petroleum products. The report, published in the Energy Bulletin of the Major Energies Marketers Association, has drawn attention from marketers and energy analysts.

According to the data reviewed, as of June 2, 2026, the landing cost of petrol stood at N1,118.75 per litre, while the gantry price from Dangote Refinery was listed at N1,250 per litre. This price gap has raised questions about competitiveness in Nigeria’s emerging local refining market, especially as the country continues to reduce dependence on fuel imports.

The trend is not limited to petrol alone. The report also showed that diesel import landing cost was N1,470.38 per litre, while Dangote Refinery’s gantry price stood higher at N1,700 per litre. Similarly, aviation fuel (ATK) recorded a landing cost of N1,426.24 per litre compared to a gantry price of N1,650 per litre, reflecting a consistent pricing premium across products.

Energy stakeholders say the figures are significant because they come at a time when Nigeria is trying to strengthen local refining capacity and stabilize fuel supply. The pricing structure has therefore triggered debate over whether local refining is currently competitive enough to influence a reduction in pump prices nationwide.

Meanwhile, global crude oil prices also recorded a decline of about 3%, as geopolitical tensions showed signs of easing. Brent crude dropped by $2.82 to $94.99 per barrel, while West Texas Intermediate fell by $3.19 to $92.83, following reports of a ceasefire agreement between Israel and Lebanon that raised hopes of reduced supply disruptions in global markets.

source: newtelegraph