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Dangote Refinery Ignores Oil Marketers On Direct Petrol Lifting

Posted on October 8, 2024October 8, 2024 By Rextun boss No Comments on Dangote Refinery Ignores Oil Marketers On Direct Petrol Lifting

Lagos-based Dangote refinery has ignored oil marketers’ call on direct lifting of its Premium Motor Spirit (petrol).

The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi and the President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry disclosed this in separate interviews.

This comes as a report emerged on Monday that the Nigerian National Petroleum Company Limited has quit its role as sole off-takerer of Dangote Petrol.

The development places oil marketers and Nigerians in a state of uncertainty.

Speaking on the development, Maigandi said all efforts put forward by IPMAN to meet with Dangote Refinery’s management have not yielded results.

“Up till today (Monday) we have not had a meeting and feedback from Dangote Refinery on direct sales of its fuel.

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“We cannot talk about the price of Dangote Petrol since we have not been able to buy it directly,” he said.

He noted that there would be a reduction in the price of petrol which currently goes between N950 and N1,200 per liter if Dangote Refinery agrees to sell the product directly to oil marketers.

“There will be a small reduction in price if Dangote refineries sell petrol to us directly”, he added.

When asked how much NNPCL sells petrol to its marketers, “NNPCL sold petrol to us at N840 and N870 per liter depending on the location. We sell at N950 in Abuja depending on the location.”

Speaking on NNPCL quitting role as sole off-taker of Dangote Petrol, Maigandi stressed that, “We’re waiting to hear from Dangote Refinery”, on whether we can lift petrol directly.

On his part, Gillis-Harry re-rechoed Maigandi’s position on Dangote Refinery’s refusal to sell its petrol directly to marketers.

According to him, despite attempts by petroleum marketers to have business discussions with Dangote Refinery, they have not received the green light.

“We have attempted to have a business discussion with Dangote Refinery on direct petrol lifting but as of today, they have not given us greenlight”, he said.

Meanwhile, the spokesperson of Dangote Group, Anthony Chiejina when contacted on the matter, said, “I am not aware”.

News Tags:Dangote refinery, Direct lifting of petrol, IPMAN, PETROAN

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