Dangote’s petrol costlier than imported ones — Marketer
by Hassan Muaz · The Eagle OnlineA marketer has disclosed that imported Premium Motor Spirit, popularly called petrol, is cheaper than what is obtainable from Dangote Petroleum Refinery based in Ibeju-Lekki area of Lagos State.
The marketer spoke as data by Major Energies Marketers Association of Nigeria put the landing cost of petrol in Nigeria at N978.01/litre.
The data, as at October 31, 2024, gave the landing cost of diesel as N1,069.97/litre, while aviation fuel was put at N1,119.67/litre.
The marketer, who spoke with Saturday PUNCH on condition of anonymity, put the cost of petrol from Dangote Refinery at between N1,015/litre and N1,028/litre, depending on the quantity being purchased.
It will be recalled that since Dangote Refinery commenced the production of petrol, it has not publicly disclosed the cost of the product.
The major marketer, who spoke to a Correspondent of Saturday PUNCH, said: “Dangote is selling to bulk buyers at N1,015/litre, but to marketers who are not buying in bulk, the refinery is selling at N1,028/litre.
“But imported PMS is cheaper than the cost of Dangote’s own, and that is why he is doing all he can to ensure that the government stops the importation of fuel.”
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The Eagle Online recalls that the Nigerian Ports Authority on Friday said that seven ships would berth with crude oil the same day at the Lagos ports.
In its: “Daily Shipping Position,” it said out of nine expected, seven would berth diesel, crude oil bulk urea, petrol and aviation fuel.
It added: “The remaining two vessels will berth with containers carrying different goods.
“The nine expected vessels will berth at Sifax, ENL Consortium Terminals, Apapa Bulk Terminal, among other terminals in Lagos.”
The NPA said that a total of two vessels were waiting to berth at Apapa and Tincan Island Ports with bulk urea and aviation fuel.
It added that three vessels were currently discharging general cargo, petrol and container at Lekki Deep Sea port in Lagos.
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