Dangote Refinery claims that any attempt to import Premium Motor Spirit (PMS) at a lower price than its offering likely involves substandard products and collusion with international traders to dump low-quality fuel in Nigeria.
This comes in response to recent allegations from the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PETROAN).
In a statement signed by Anthony Chiejina, Group Chief Branding and Communications Officer on Sunday, Dangote Refinery said, “We had lately refrained from engaging in media fights, but we are constrained to respond to the recent misinformation being circulated.
“We benchmark our prices against international prices, and we believe our prices are competitive relative to the price of imports.
The statement added that importing petrol with cheaper prices means ““importing substandard products and conniving with international traders to dump low quality products into the country.”
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The statement highlighted its current price structure, revealing that it sells PMS at N960 per litre for ships and N990 per litre for trucks, which is lower than the N971 per litre set by the Nigerian National Petroleum Company (NNPC) Limited for domestic marketers.
“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,” the statement added.
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