Business
Dangote Fuel Distribution Fails to Cut Edo Petrol Prices
Despite Dangote fuel distribution, petrol remains at N900 per litre in Edo as stations report no supply and prices fail to drop in Benin City
Dangote fuel distribution appears to have had little impact in Edo State, as pump prices of petrol remain stubbornly high — weeks after the refinery launched its nationwide free fuel supply initiative.
Also read: Onueze Okocha warns Rivers Assembly against harmful probe
Despite an earlier announcement by the Dangote Refinery suggesting that petrol prices in Edo would fall to N851 per litre, checks across several stations in Benin City on Monday showed prices ranging from N885 to N900, with no evidence of the promised reduction.
While most fuel station managers declined to speak publicly, a few attendants, speaking anonymously, confirmed they had not received any free fuel from the Dangote Refinery.
The situation has drawn public criticism, particularly from commercial drivers like Nosa Igbinosun, who said:
“We were hopeful prices would drop, but nothing has changed. Some stations are claiming they’ve not received supply — we need the government to check what’s going on.”
Igbinosun called on the state Task Force to investigate and ensure that petrol stations benefitting from Dangote’s distribution scheme comply with the recommended retail price.
The development comes amid wider concerns about fuel affordability and pricing transparency, particularly at a time when global oil prices remain volatile and domestic production is being ramped up through the Dangote Refinery — Africa’s largest.
Though the refinery has positioned its free fuel distribution as a measure to ease economic pressure and support the local market, implementation gaps appear to be undermining its effectiveness at state level.
Public confidence is now being tested, as expectations for a quick reduction in fuel prices remain unmet in many parts of Edo State.
Also read: Onueze Okocha warns Rivers Assembly against harmful probe
Until supply is visibly confirmed and pricing reflects official adjustments, scepticism may continue to grow among residents who were banking on relief from spiralling transport costs.
President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.
Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.
The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.
“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.
“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”
The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.
The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.
Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.
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