Dangote cautions that Coastal Logistics Petrol Prices could add N75 per litre, as gantry loading remains the most cost-efficient option

Dangote Refinery on Thursday warned that Coastal Logistics Petrol Prices could rise sharply if marketers pass on the extra costs of marine evacuation to consumers, while outlining the scale and efficiency of its fuel loading operations.

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The refinery made the disclosure in a statement posted on its official X account titled “Six things to know about Dangote Refinery fuel production and distribution”, where the company detailed how its gantry facility handles product evacuation.

Dangote Refinery said the facility operates 91 loading bays capable of serving up to 2,900 tankers daily and evacuating more than 50 million litres of petrol and 14 million litres of diesel through continuous round-the-clock operations.

The company described gantry loading as the most cost-efficient method of fuel evacuation because it eliminates port charges, maritime levies and vessel-related expenses that do not benefit end users.

Dangote Refinery stressed that marketers are free to choose between gantry and coastal loading, adding that the company imposes no restrictions on evacuation modes.

However, Dangote Refinery cautioned that reliance on coastal logistics could add about N75 per litre to petrol costs.

The company noted that if these additional expenses are transferred to consumers, pump prices for Premium Motor Spirit could approach N1,000 per litre.

Dangote Refinery stated that Nigeria’s daily fuel consumption averages about 50 million litres of petrol and 14 million litres of diesel, warning that widespread dependence on coastal logistics could translate into an additional annual burden estimated at N1.752 trillion.

The company also highlighted the broader impact of local refining on the market, noting that diesel prices had dropped from about N1,700 to between N980 and N990 per litre, while petrol prices declined from around N1,250 to between N839 and N900 per litre.

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Dangote Refinery added that domestic production had eased foreign exchange pressure and contributed to naira stability, reinforcing the economic benefits of in-country refining and efficient distribution.