Dangote Finally Reveals Price Of Petrol From Its Refinery, Tackles IPMAN, PETROAN

The management of Dangote Refinery on Sunday, revealed the price it is selling petrol per litre from its refinery to marketers.

According to Dangote, petrol from its refinery is sold to trucks at the rate of ₦990 per litre, while it is sold to ships at the rate of ₦960 per litre.

The statement from the company, signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, said the clarification became necessary following disinformation from certain stakeholders.

Specifically, Dangote said the claim by the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) that imported fuel is cheaper than the one from its refinery is false.

It added that anyone who claims to be importing cheaper Petrol Motor Spirit (PMS), commonly known as petrol might be bringing in sub-standard products into the country and conniving with international traders to dump low-quality products in Nigeria.

The statement also alleged that an international trading company has recently hired a depot facility next to Dangote Refinery with the objective of using it to blend substandard products that will be dumped into the Nigerian market to compete with fuel from its refinery.

Dangote further alleged that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) does not have laboratory facilities which can be used to detect substandard products when imported into the country.

The explanation from Dangote Refinery follows the claim by IPMAN that the price of fuel from Dangote Refinery as of last week, was higher than the price of the product from other sources.

The Association explained that it is only fair for its members to go to where the price is lower and where they can get profit.

The National Assistant Secretary of IPMAN, Yakubu Suleiman, disclosed this on Friday during an appearance on Arise News.