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Dangote Refinery To Sell Fuel At N990 Per Liter To Trucks

…Says Imported Petrol is Substandard

Published

Monday, November 4, 2024 at 12:49 PM

Written by Love Patience Tarimoboere

Dangote Refinery To Sell Fuel At N990 Per Liter To Trucks

Dangote Refinery has once more broken its silence on the price of premium motor spirit (PMS), from its refinery, saying its product is cheaper than the imported one.

The Dangote refinery revealed this in response to comment from some marketers saying that imported PMS is cheaper than the one supplied from Dangote Refinery.

The Independent Petroleum Marketer's Association of Nigeria (IPMAN) had also claimed that it is more expensive to buy fuel from Dangote.

Yakubu Suleiman, the national assistant secretary of IPMAN, spoke in a television interview late Sunday evening; “If Dangote has a product selling for N1,000, let’s assume, and there’s another place selling for N900, we can’t just say for the sake of our relationship with Dangote, that we’ll instruct our members to buy there. We must go where the price is lower, where we’ll get profit,” he insisted.

In a statement signed by the company’s Group Chief Branding and Communications Officer, Anthony Chiejina, stated that it was also possible that the oil marketers who are pushing the narrative that products refined outside Nigeria are cheaper, are conniving with international traders to turn the country into a dumping ground for low quality products.

Specifically, the company stated that it had lately refrained from engaging in media fights, but was now constrained to respond to what it described as the recent ‘misinformation’ being circulated by the IPMAN, the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), among others.

The statement read; “If anyone claims they can land PMS at a price cheaper than what we are selling, then they are importing substandard products and conniving with international traders to dump low quality products into the country, without concern for the health of Nigerians or the longevity of their vehicles."

“This is detrimental to the growth of domestic refining in Nigeria. We should point out that it is unusual for countries to protect their domestic industries in order to provide jobs and grow economy."

“For example, the US and Europe have had to impose high tariffs on EVs and microchips order to protect their domestic industries. While we continue with our determination to provide for affordable, good quality, domestically refined petroleum product in Nigeria, we call on the public to disregard the deliberate misinformation being circulated by agents of people who prefer for us to continue to export jobs and import poverty.”

Edited By: Chinedu Eze

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Dangote Refinery To Sell Fuel At N990 Per Liter To Trucks

Dangote Refinery has once more broken its silence on the price of premium motor spirit (PMS), from its refinery, saying its product is cheaper than the imported one.

The Dangote refinery revealed this in response to comment from some marketers saying that imported PMS is cheaper than the one supplied from Dangote Refinery.

The Independent Petroleum Marketer's Association of Nigeria (IPMAN) had also claimed that it is more expensive to buy fuel from Dangote.

“This is detrimental to the growth of domestic refining in Nigeria. We should point out that it is unusual for countries to protect their domestic industries in order to provide jobs and grow economy."

Apprehend Kidnappers of Justice Umukoro

Rivers: Peace at What Price?

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Tinubu, Democracy Day, and June 12

Diri at 66: Daring The Terrain in Bayelsa

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Adieu Pa Clark (May 25, 1927 to February 17, 2025)

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