Marketers Respond to Allegations As Dangote Petrol Pump Price Emerge

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has responded to comments from the Dangote refinery that marketers are boycotting its product because it is cheap......READ THE FULL STORY>>.....READ THE FULL STORY>>

In a statement, Olufemi Adewole, Executive Secretary DAPPMAN, clarified that no such boycott exists and called for the establishment of clear procedures.

Adewole said that transparency in the sector was needed to ensure that all stakeholders can contribute effectively to the availability and accessibility of petroleum products across Nigeria, Punch reports.

Part of the statement reads:

“The sector needs to operate transparently in a manner that allows all stakeholders to thrive and contribute significantly to the quest of ensuring availability, reliability, and accessibility of petroleum products nationwide.”
Dangote Refinery accuses oil marketers of low patronage

Earlier, Legit reported that Dangote Refinery raised concerns over the lack of patronage from Nigerian oil marketers due to its low prices.

Devakumar Edwin, Vice President of Dangote Industries Limited, disclosed this during an X Spaces session organised by Nairametrics.

According to Edwin, the refinery struggles to sell diesel and aviation fuel daily, so it has decided to export its products instead.

Marketers respond

Responding, Adewole stated that DAPPMAN members have been purchasing products from the Dangote Refinery.

He added:

“DAPPMAN has evidence showing its members’ patronage of various products from the Dangote Refinery, believes firmly in meeting Nigeria’s energy needs.
“We remain aligned with calls for the nation not to end up in a monopoly, which would jeopardize our economic growth and development”

He also noted that market dynamics would drive fuel purchases, with buyers opting for sources that offer competitive pricing, better quality, and accessibility.

In a related development, Legit reported that NNPC Limited has begun the loading of petrol from the Dangote refinery.

The report stated that the NNPCL is projected to lift the product at N960/N980 per litre and sell to marketers at N840/N850 to enable Nigerians to get it between N857 and N865 at the pump at filling stations.

This means NNPC will pay a price subsidy or under-recovery of about N130 for Nigerians to get the product cheaper.