Dangote Refinery has said that it sells petrol at N990/litre and “those boasting to sell petrol below our price are importing substandard products.”
The company spoke through its Chief Branding/Communication Officer, Mr. Tony Chiejina.
It was the first time the Refinery would make known the litre price of its petrol.
Explaining its pricing, the refinery said: “Post deregulation, NNPCL 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.
The clarification came in the wake of claims credited to Independent Petroleum Marketers Association of Nigeria (IPMAN), Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) and others that they can import the product cheaper than the Dangote Refinery price.
Chiejina insisted that Dagote petrol’s litre price aligns with international benchmark.
He accused the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of lacking the wherewithal to detect substandard products if imported.
Dangote Refinery said: “We had lately refrained from engaging in media fights but we are constrained to respond to the recent misinformation being circulated by Independent Petroleum Marketers Association of Nigeria (IPMAN), Petroleum Products Retail Outlets Owners Association (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.
“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.”
