It said that the NNPC set the standard by selling PMS to domestic retailers for N971 per liter to be loaded onto ships and for N990 per liter to be loaded onto trucks.
The Group Chief of Branding and Communications at Dangote Refinery, Anthony Chiejina, said in a statement on Sunday that the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) were wrong in what they said.
“Both groups say they can get PMS from other countries for less money than the Dangote Refinery charges.” “We compare our prices to those in other countries, and we think they are fair compared to the cost of imports,” he said.
„If someone says they can get PMS for less than what we charge, they are either importing low-quality goods or working with foreign traders to bring cheap goods into the country without caring about Nigerians’ health or the durability of their cars. NMDPRA, the government agency in charge, doesn’t even have labs that can be used to find faulty goods that are brought into the country.
It was the NNPC that set the price by selling PMS to domestic traders for N971 per liter to be put on ships and for N990 per liter to be put on trucks.
Dangote Refinery said, “This set the floor for our prices, and we’ve even gone lower to sell at N960 per liter for ships while keeping our prices at N990 per liter for trucks.”
This was done in good faith and for the good of the country. We started selling at these prices even though it wasn’t clear what exchange rate we would use to pay for the crude we bought.
Along the same lines, a foreign trading company just recently rented a depot next to the Dangote Refinery so that they can mix low-quality goods that they can then dump on the market to compete with the better products made by the Dangote Refinery.
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