Marketers in Fresh Row over Sale of Petrol from Dangote Refinery

The row between Dangote Refinery and petroleum marketers in Nigeria has taken a new dimension following the comment by the President of the Dangote Group, Alhaji Aliko Dangote that petroleum marketers were not approaching his refinery for purchase of petroleum products.
There has been an uneasy calm since the roll-out of premium motor spirit (PMS) also known as petrol from the Dangote Refinery in September. The were discordant tunes between the management and the Nigerian National Petroleum Company Limited (NNPCL) and other petroleum marketers.
While many Nigerians expected a reduction in the price of fuel from the private refinery, the price of the product skyrocketed leaving many disappointed.
Those who spoke with our correspondent yesterday lamented the development and the back and forth among the stakeholders in the value chain, saying what they want is fuel price reduction and availability of the product and not public spat.
However, it appears a reduced fuel price is a mirage at the moment following what Dangote called apathy from marketers.
Dangote, speaking after a meeting on Tuesday with President Bola Tinubu at the presidential villa on the naira-for-crude policy, declared that his refinery was ready to supply over 30 million litres daily, adding that his refinery has enough to serve the country.
According to him, “At full capacity, we can even supply whatever is being consumed because what I estimated as our consumption is about 30-32 million litres, which we can even start producing by next week.
“As we speak today, we have 500 million litres in our tanks. With that, even if there is no production anywhere or import, that will take the country more than 12 days.
However, it appears a reduced fuel price is a mirage at the moment following what Dangote called apathy from marketers.
Dangote, speaking after a meeting on Tuesday with President Bola Tinubu at the presidential villa on the naira-for-crude policy, declared that his refinery was ready to supply over 30 million litres daily, adding that his refinery has enough to serve the country.
According to him, “At full capacity, we can even supply whatever is being consumed because what I estimated as our consumption is about 30-32 million litres, which we can even start producing by next week.
“As we speak today, we have 500 million litres in our tanks. With that, even if there is no production anywhere or import, that will take the country more than 12 days.

Source: dailytrust.com

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