Dangote Refinery Partners with Optima Energy to Provide Affordable…

Dangote Petroleum Refinery has partnered with Optima Energy to distribute affordable petrol, bringing the total number of partners to four including MRS Nigeria, Ardova PLC, and Hyden. This announcement coincided with NNPC’s pump price reduction to N860 per litre. Dangote has also lowered its ex-depot price to N825 and pledged compensation to consumers who are overcharged.

Dangote Petroleum Refinery has recently entered into a new partnership with Optima Energy to enhance the distribution of affordable petrol in Nigeria. This collaboration expands the number of partners involved in distributing Dangote’s fuel to four entities, which includes MRS Nigeria, Ardova PLC, and Hyden. The announcement comes shortly after a revision in pump prices by the Nigerian National Petroleum Company Limited (NNPC).

In a statement shared on social media, Dangote urged Nigerians to purchase petrol from its partnered retail outlets across the nation to benefit from competitive pricing. The refinery’s partners have set the following price structure for petrol per litre: MRS sells at N860 in Lagos, Ardova at N865, Hyden at N865, and Optima Energy also at N865. Pricing for other regions, such as South-South and South-East, is adjusted accordingly.

In response to the new pricing strategy from Dangote, NNPC has also revised its prices, lowering the pump price of petrol to N860 per litre, a significant reduction from N945. This price change took effect on March 3, 2025. Furthermore, Dangote Refinery has decreased its ex-depot price from N890 to N825, effectively reducing costs by N65 per litre, and has committed to providing fuel at more affordable rates through its partners.

The refinery aims to foster an equitable market by compensating oil marketers who purchased fuel at elevated prices prior to this shift. Consumers purchasing fuel at rates above N825 are encouraged to report such instances to receive reimbursement for the excess charges. Dangote emphasizes that unjust pricing harms consumers, stating, “It is both unpatriotic and detrimental to the welfare of Nigerians for any party to purchase at a rate of N825 per litre and then sell to consumers at N945 or more per litre.”

In related news, Dangote Refinery has acquired its initial shipment of one million barrels of Algeria’s light sweet Saharan blend crude oil, sourced through Glencore. This cargo is anticipated to arrive in March 2025, marking a significant step for the refinery in sourcing quality crude oil for its operations.

In summation, Dangote Petroleum Refinery’s new partnership with Optima Energy and the competitive pricing strategy aim to deliver affordable fuel to Nigerians. The cooperation among various distributors, alongside NNPC’s lowered prices, highlights a robust initiative towards enhancing market accessibility. Furthermore, the commitment to reimburse consumers for overcharging underscores Dangote’s focus on fair trading practices within the fuel market.

Original Source: www.legit.ng