The Nigerian National Petroleum Company Limited (NNPC) has announced the pricing for petrol produced by the Dangote Refinery, which will be sold at over N1,000 per litre in some northern regions and around N950 in Lagos. This pricing decision has sparked concerns among independent oil marketers and the Independent Petroleum Marketers Association of Nigeria (IPMAN), who argue that locally refined petrol should not be more expensive than imported fuel. IPMAN emphasizes that competitive pricing is essential for achieving energy self-sufficiency and benefiting consumers. There have been discrepancies in the reported prices, with NNPC claiming to have bought petrol at N898 per litre, a figure disputed by Dangote Refinery. Both entities agree that payments for the first batch of petrol were made in USD, with naira transactions set to begin in October 2024. The Organized Private Sector has also criticized NNPC's role as the sole off-taker, arguing that it stifles competition in the market.