Dangote Refinery, on Sunday disclosed that it is selling petrol at a reduced rate of N960 per liter for supply via ships and N990 per liter for supply via trucks.
A statement issued by Group Chief Branding and Communications Officer, Anthony Chiejina, said: “We had lately refrained from engaging in media fights, but we are constrained to respond to the recent misinformation being circulated by IPMAN, PETROAN, and other associations.
“Both organisations claim that they can import PMS at lower prices than what is being sold by the Dangote Refinery.
“We benchmark our prices against international prices, and we believe our prices are competitive relative to the price of imports.
“Post deregulation, NNPC set the pace by selling PMS to domestic marketers at N971 per litre for sale into ships and at N990 for sale into trucks.
“This set the benchmark for our pricing, and we have even gone lower to sell at N960 per litre for sale into ships while maintaining N990 per litre for sale into trucks.
“In good faith, and in the interest of the country, we commenced sales at these prices without clarity on the exchange rate that we will use to pay for the crude purchased,” .
Dangote Refinery explained that those selling substandard fuel show little regard for people’s vehicles and machinery and do not prioritize the public’s best interests.
The statement added:
“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.
“Unfortunately, the regulator (NMDPRA) does not even have laboratory facilities that can be used to detect substandard products when imported into the country.
“We should point out that it is not unusual for countries to protect their domestic industries in order to provide jobs and grow the economy.
“For example, the US and Europe have had to impose high tariffs on EVs and microchips in order to protect their domestic industries.”
