The Association of Petroleum Retail Outlets Owners of Nigeria (PETROAN) announced that the Dangote Refinery has attempted to maintain a monopoly in the country's downstream petroleum sector.

Petroan said in a statement released on Monday and signed by its national public relations manager, Joseph Obele, that recent statements by the Dangote Refinery that PETROAN would import substandard petroleum products were” usual schemes” to maintain dominance. According to the statement, “the publication by the Dangote Refinery that PETROAN will be importing substandard petroleum products is not a surprise for stakeholders, as it is its usual ploy to maintain its monopoly. This release comes after PETROAN and IPMAN announced their intention to sell much less than the current retail price of Premium Motor Spirit (PMS) in Nigeria.” According to the national official, the association plans to import high-quality gasoline at a price lower than the current price, citing agreements with foreign refineries and financial partners

The Dangote Refinery said last Sunday that it sold its gasoline at 960 N per liter in ships and 990 N per liter in trucks. According to the group's director of brand and communication, Anthony Chiejina, its prices are compared to international rates, thus guaranteeing their competitiveness. According to the information, “the main determining factor in setting the price is taking into account the cost of production and then adding a fair margin. But that was not the case for the determinant of the PMS price by the Dangote Refinery, as they said, the parameter was the comparison with the international sales rate on the global market