Only inferior products can be imported at lower prices than its own, according to the refinery.
According To A Spokesman, Dangote Refinery Sells Gasoline To Ships For N960 Per Litre And To Trucks For N990.
According to Dangote Refinery, the price of its gasoline is N960 per litre for ships and N990 per litre for trucks.
The disclosure comes after the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) asserted that they could import the goods at lower prices than Dangote.In a previous interview, the marketers said they were purchasing from overseas at lower prices and urged Dangote Refinery to involve stakeholders.However, in response, the refinery stated that the only products that can be imported at lower prices than its own are inferior ones.
In a statement issued Sunday evening and signed by Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote Refinery stated that it lowered its prices for ship sales while adhering to the Nigerian National Petroleum Company Limited’s (NNPCL) pricing benchmark.According to the text, “Both organisations assert that they are able to import PMS at a lower cost than what the Dangote Refinery is selling.” We compare our prices to those of other countries, and we think our prices are reasonable when compared to import costs.
“Anyone who says they can get PMS for less than what we are selling is bringing in inferior goods and working with foreign dealers to bring in subpar goods without thinking about the health of Nigerians or the durability of their cars. Regulator NMDPRA, regrettably, lacks laboratory facilities to identify substandard products when they are imported into the nation.By selling PMS to domestic marketers at N971 per litre for sale into ships and N990 for sale into trucks, NNPC set the standard after deregulation. Our pricing was established by this, and we have since lowered it to N960 per litre for sale to ships and N990 per litre for sale to trucks.
“We started sales at these prices in good faith and for the benefit of the nation, even though we were unsure of the exchange rate we would use to pay for the crude we bought.”In order to compete with the higher-quality production of the Dangote Refinery, an international trading company recently rented a depot facility adjacent to the refinery. The company plans to use the facility to blend inferior products that will be dumping into the market.
“This is harmful to Nigeria’s domestic refining industry’s expansion. We should note that nations frequently defend their home industries in order to create jobs and boost their economies. For instance, in order to safeguard their home industries, the US and Europe had to impose high tariffs on microchips and electric vehicles. “As we remain committed to supplying Nigeria with reasonably priced, high-quality, domestically refined petroleum products, we urge the public to ignore the purposeful misinformation being spread by those who would rather see us continue to import poverty and export jobs.”
