Fuel Loading at Dangote Refinery Suspended Over Dollar Pricing, FG Intervenes

Petroleum product marketers have paused large-scale fuel loading at the Dangote Refinery after it introduced a dollar-based pricing model. This stoppage has raised fears of fuel tightness nationwide, though the refinery insists loading continues. Marketers say they are holding off until the new pricing template and costs of imported products are clear. Private depot prices now range between ₦1,200 and ₦1,350 per litre, excluding transport. The Federal Government is mediating over import licences, crude supply volumes, and currency terms. Regulators warn that prolonged uncertainty could disrupt supply and push pump prices higher. The Federal Competition and Consumer Protection Commission has reaffirmed that the naira is the only legal tender for domestic transactions and will monitor to ensure international crude price drops are passed to consumers.

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