• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

Dangote petrol price cut sparks DAPPMAN backlash

Quadri Olaitan by Quadri Olaitan
September 13, 2025
in Business
0
Dangote Petrol Price Cut
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0

Dangote Petrol Price Cut sparks DAPPMAN backlash as marketers allege anti-competitive tactics and unfair treatment of local buyers

The refinery announced that from Monday petrol would fall from ₦865 to ₦841 per litre in Lagos and the South West, and to ₦851 in Abuja, Edo and Kwara. It also unveiled a direct fuel distribution scheme.

Also read: Dangote Refinery NUPENG dispute escalates over $18bn question

But in a statement on Saturday, DAPPMAN’s Executive Secretary, Olufemi Adewole, said the refinery’s repeated cuts were not acts of patriotism but carefully timed moves that caused price shocks and strained competitors.

“Claims that repeated fuel price reductions by the Dangote Refinery are patriotic gestures ignore their timing and market impact,” Adewole argued.

“These reductions were often strategically timed when other importers had active cargoes at sea or in tanks, undermining competition and imposing financial strain.”

Adewole further alleged that the refinery offered lower prices to international buyers while quoting higher rates to domestic customers contradicting public claims of prioritising Nigerians.

The association also expressed concern over Dangote’s dispute with the Nigerian Union of Petroleum and Natural Gas Workers, warning that escalating tensions could damage the downstream sector and ordinary Nigerians.

DAPPMAN dismissed suggestions that the stability of Nigeria’s fuel supply rested solely on Dangote. Adewole noted the refinery currently supplies only 30–35 per cent of national demand, while the remainder is met by long-standing marketers operating under strict regulation.

“For decades, our members have ensured uninterrupted fuel access, investing in depots, fleets, retail networks and logistics even during forex shortages, subsidy shifts, and insecurity. These contributions deserve recognition, not erasure,” the statement said.

Rejecting claims that marketers import substandard products, DAPPMAN stressed that all imports undergo regulator-accredited laboratory testing in line with national and global standards.

Also read: Dangote Refinery launches free fuel distribution on Monday

The standoff underscores the growing friction between Nigeria’s largest private refinery and established fuel marketers, raising questions about competition, regulation, and the future of the country’s downstream oil sector.

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Quadri Olaitan
Quadri Olaitan

Discover more from Freelanews

Subscribe to get the latest posts sent to your email.

Related Posts

Business

Wema Bank showcases strong performance with doubles profitability

by Rtn. Victor Ojelabi
July 28, 2023
Business

Naira appreciates to N1,382/dollar, Presidency cautions speculators

by Quadri Olaitan
March 22, 2024
Business

‘Multicurrency programme’ Stanbic IBTC commences sale of N20bn Series 3 commercial paper

by Rtn. Victor Ojelabi
January 22, 2022
Business

‘Exchanges at 419’ Naira gains marginally against dollar

by Freelanews
June 2, 2022
Business

All improperly-registered SIM cards are inactive, says NCC

by Freelanews
March 9, 2020

Discussion about this post

ADVERTISEMENT

Recent News

ADC UK and Ireland Chapter celebrates INEC recognition

September 15, 2025
Pan African Towers

Is Pan African Towers up for grabs? Nigeria’s telecom star faces sale rumours

September 15, 2025

Senator Mudashiru Husain celebrates Omisore’s enduring legacy

September 15, 2025

Oluyede troop welfare reforms earn public praise

September 15, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
Taylor Swift deepfake scandal

Taylor Swift faces deepfake scandal as Swifties call for stricter regulation

January 25, 2024
Safe Use of Cooking Gas at Home

Safe use of cooking gas at home with Prince Olufemi Odulaja (Podcast)

July 26, 2025

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

0

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

0
Meran Primary Health Centre

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

0

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

0

ADC UK and Ireland Chapter celebrates INEC recognition

September 15, 2025
Pan African Towers

Is Pan African Towers up for grabs? Nigeria’s telecom star faces sale rumours

September 15, 2025

Senator Mudashiru Husain celebrates Omisore’s enduring legacy

September 15, 2025

Oluyede troop welfare reforms earn public praise

September 15, 2025
September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Follow Us

  • Facebook
  • TikTok
  • YouTube
  • Instagram

Editor’s Pick

  • OGD vs DA
    OGD vs DA: The real story never told
    • August 22, 2025
  • Toyota Sienna harassment
    Why is Lagos State govt harassing Toyota Sienna users?
    • August 19, 2025
  • Otunba Gbenga Daniel
    Who really is Otunba Gbenga Daniel?
    • August 18, 2025

Hot!

ADC UK and Ireland Chapter celebrates INEC recognition

September 15, 2025
Pan African Towers

Is Pan African Towers up for grabs? Nigeria’s telecom star faces sale rumours

September 15, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement

© 2025 Freelanews | by Iretura.

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

Add New Playlist

Total
0
Share
0
0
0
0
0
0
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from Freelanews

Subscribe now to keep reading and get access to the full archive.

Continue reading