Dangote Refinery has selected 25 petroleum marketers for its new consortium arrangement, replacing the previous group of 37 companies as the refinery reviews the structure through which it supplies petrol to the domestic market.
The new list features Techno Oil, Pivot, Soroman, Optima and Nepal Energies among the selected companies, alongside other established downstream operators. An industry source told Petroleumprice.ng that the review followed concerns about the pricing activities of some participants in the previous consortium.
The refinery’s decision reduces the number of companies in the arrangement from 37 to 25, although the full implications for product distribution and pricing are yet to be established.
The selected marketers are Techno Oil, Pivot, Soroman, Nipco, MRS, Ardova, Fagbem, Masters, Bovas, Optima, Nepal Energies, Mainland, NNPC, Sobaz, Northwest, Danmarna, A.A. Rano, Rainoil, Pinnacle, AYM Shafa, Salbas, Heyden, Eterna, Total and Bongas.
The development comes against the background of changes to Dangote Refinery’s petrol pricing arrangement with consortium members.
When the refinery initially introduced direct sales to the consortium, it adopted an EBOB-based pricing model. Under the arrangement, petrol prices were linked to a five-day average of the European gasoline benchmark, allowing changes in international product prices to influence domestic selling prices.
The refinery subsequently moved away from that model and introduced fixed gantry pricing for petrol. During the earlier pricing transition, its gantry price was adjusted from ₦1,265 to ₦1,210 per litre, a reduction of ₦55, equivalent to 4.35 percent. That adjustment formed part of the previous pricing episode and does not represent a new price reduction under the latest consortium arrangement.
Dangote Refinery has now returned petrol sales to the EBOB-based model, while automotive gas oil (AGO), commonly known as diesel, remains under the fixed gantry pricing arrangement.
The latest consortium review therefore marks another change in the refinery’s direct-sales structure, with the selected marketers expected to operate under the revised arrangement.
