THE President of Dangote Group, Aliko Dangote, has disclosed that petrol sold from the Dangote Refinery is priced significantly lower than in neighbouring West African countries — at just 55% of the regional average.
Speaking during a tour of the 650,000-barrels-per-day refinery by ECOWAS Commission President Dr. Omar Touray and his delegation, Dangote said, “While neighbouring countries pay about $1 per litre (₦1,600), we are selling at ₦815–₦820.”
He credited the cost reduction to local refining, which not only improves affordability but also bolsters energy security and reduces dependency on fuel imports.
Dr. Touray hailed the refinery as a symbol of African industrial potential, stating, “Anyone who doubts Africa’s capabilities should visit here. This project inspires hope and exemplifies what private sector vision can accomplish.”
The ECOWAS delegation, including key commissioners and directors, lauded the refinery’s production of Euro V-standard fuel, highlighting its importance in meeting the region’s 50ppm sulphur emission standards—often unmet by imported fuels.
Touray also called for greater collaboration between governments and the private sector, stressing the need for policies that reflect real industrial challenges.
“The private sector must lead ECOWAS industrialisation,” he said, pledging the Commission’s support for regional businesses like Dangote Group to access wider markets and drive development.
Dangote shared insights on the obstacles overcome to build the world’s largest single-train refinery and reiterated that the project was designed for the long-term benefit of Nigerians and the broader African continent.