In five months, Petroleum Marketers lifted 518,500 metric tons of Jet A1 aviation fuel and Automotive Gas Oil or diesel from Dangote Refinery (DR), accounting for 60% of the nation’s truck-out, according to investigations.
The Dangote Refinery has claimed that local petroleum marketers have not yet utilised the refinery; nevertheless, this fact contradicts their statements.
According to documents obtained from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Dangote Refinery has been frequented by numerous independent local marketers, such as Asharami, MRS Oil and Gas, AA Rano, Rainoil, Prudent, NIPCO, Aym Shafa, and Danmarna.
These marketers assert that this development demonstrates their unwavering dedication to guaranteeing smooth access to petroleum products throughout the country.
A closer look at the transactions from April to September revealed that marketers lifted 489,500 MT of AGO and 29, 000 MT of Jet A1, which were then dispersed around other Nigerian ports. Of the AGO shipments, 17 went to Lagos, 6 to Warri, 2 to Port Harcourt, and 1 to Calabar. In Lagos, all three of the Jet A1 shipments were released.
The lack of clarity surrounding the availability of Dangote Refinery’s Premium Motor Spirit, or gasoline, is still a barrier to consumer preference in the local market, according to the marketers.
Olufemi Adewole, Executive Secretary, Depot and Petroleum Products Companies Association of Nigeria (DAPPMAN), asserts that the industry must function openly and honestly in order to provide all parties involved with the chance to prosper and make a substantial contribution to the effort to guarantee the accessibility, dependability, and availability of petroleum products across the country.
According to Adewole, the boycott of Dangote Refinery’s PMS was unfounded because the government had not yet given petroleum marketers permission to proceed with the refinery’s PMS offtake.
Adewole observed that DAPPMAN and other marketers had repeatedly said that price and quality are the two most important factors in the global trading of petroleum products.
He gave Nigerians confidence that DAPPMAN will keep up its hard effort to ensure the sector’s viability while providing the country with excellent fuel options.
Meanwhile TimesNow.com.ng reported that the Nigerian National Petroleum Corporation Limited (NNPCL) has started lifting PMS also known as petrol, from Dangote Refinery today, Sunday, 15 September 2024.
On Saturday, the national oil company announced that at least 300 trucks are stationed at the Lekki, Lagos refinery.
TimesNow.com.ng reported that the Nigerian National Petroleum Company Limited and the Dangote Refinery are concluding discussions on crude oil sales by the national oil company to the Dangote Refinery in the local currency and the buy-back of refined products from the plant in naira.
According to Devakuma Edwin, the vice president of oil and gas at the Dangote Refinery, the parties may conclude discussions on the deal soon.
Edwin also revealed that oil marketers had continued to boycott diesel and aviation fuel from the refinery, stating that they also reported the facility’s low-priced fuel to President Bola Tinubu.
Source: TimesNow.com.ng
