IPMAN knocks NNPC’s sale of Dangote petrol higher than imported fuel
The Independent Petroleum Marketers Association of Nigeria has expressed concern about the pricing of petrol from the Dangote Refinery, urging the Nigerian National Petroleum Company Limited to ensure that it is not priced higher than imported fuel.According to IPMAN, such a pricing disparity would undermine Nigeria's efforts to achieve energy self-sufficiency, harming both consumers and marketers.
This was revealed by National Welfare Officer John Kekeocha during an interview on Channels Television's The Morning Brief breakfast show on Monday.
The association emphasised that domestically refined petrol pricing should take advantage of the benefits of local production, making it a more cost-effective option for Nigerians.
IPMAN emphasised that competitive pricing is critical to the Dangote Refinery's success and the development of a sustainable fuel market in the country.
"If NNPC can sell Dangote products at a higher price than imported products, it does not make sense. What is this celebration we've been having all along? Kekeocha enquired.
NNPCL began distributing petrol from the Dangote Refinery on Sunday, purchasing the fuel at N898 per litre from the private facility.
Prior to this, NNPCL retail outlets in Lagos were selling petrol for around N855 per litre.
The retail price of petrol from the Dangote Refinery has been set at N950 per litre in Lagos and N1,019 in Borno.
This price increase has sparked concern about the impact on consumer costs and the overall fuel market.
However, Dangote Refinery denied selling petrol to NNPCL for N898. In a statement issued late Sunday, Anthony Chiejina, a refinery spokesman, described the NNPCL's claim as "misleading and mischievous".
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