Following the suspension of the naira-for-crude program, Dangote Petroleum Refinery has resumed loading petrol onto trucks for oil marketers who have made additional payments to compensate for the changed financial circumstances. Companies including MRS Oil & Gas that complied with the “top up” payment requirement are now being supplied at a rate of N880 per liter.
With the expiration of the naira-for-crude deal and influenced by rising global crude oil prices and foreign exchange issues, the refinery had temporarily stopped loading trucks based on naira payments, while continuing to load ships on a dollar basis. The resumption of truck loading comes with significant price adjustments across the country.
According to MRS Oil and Gas price lists effective from March 28, 2025, petrol prices now vary by region: Lagos has the lowest rate at N930 per liter, states in the South West will pay N940 per liter, while the South South, South East, and most northern states will pay between N950 and N960 per liter. These regional price differentials reflect the varied distribution costs across Nigeria’s diverse geography.
The 650,000 barrels-per-day, $20 billion Dangote refinery states on its website that it “will meet 100% of the Nigerian requirement of all refined products and also have a surplus of each of these products for export,” and is “designed to process Nigerian crude with the ability to also process other crudes.”
Source: vanguardngr.com
