Dangote blames smuggling for high petrol prices despite refinery output

Dangote said petrol remains expensive in Nigeria because traders smuggle it to neighbouring countries where it sells for 30% to 50% more, despite the Dangote Petroleum Refinery raising the gantry price from ₦1,265 to ₦1,350 per litre effective September 12, 2026. He made the remarks in an Arise Television interview on Tuesday, September 15, 2026, noting that at ₦1,350, petrol in Niger costs about 20% to 25% more, creating an instant return for smugglers who pretend to transport the fuel inland before selling across the border.

This explains why Nigeria’s large‑scale refining capacity has not brought down pump prices: smuggling siphons off supply, keeping local prices high and raising transport costs, household budgets and inflation. Consumers bear the burden while traders profit from price differences across borders.

Until smuggling is curtailed, petrol prices may stay elevated. Readers should budget for higher transport costs, consider carpooling or public transport where available, and watch for government actions on border enforcement that could affect future prices.

SOURCE: https://nairametrics.com/2026/09/15/dangote-blames-petrol-smuggling-for-nigerias-high-fuel-prices/