Oil marketers have expressed concerns about the price of petrol from the Dangote Petroluem Refinery.
Speaking on Channels TV, Abubakar Maigandi, the National President of the Independent Petroleum Marketers Association of Nigeria(IPMAN), called on Aliko Dangote to review its prices.
He noted that immediately marketers begin to buy directly from the refinery directly, fuel pump prices will go down at filling stations.
He said:
TimesNow.com.ng earlier reported that the Nigerian National Petroleum Company Limited (NNPC Ltd) paid N898 per litre for the 16.8 million litres of petrol purchased from the Dangote refinery on Sunday, September 15.
Maigandi also disclosed that marketers are eager to buy fuel directly from the $20 billion refinery to address the current scarcity.
According to Maigandi, the association has over N40 billion trapped in NNPC, stating that the marketers cannot source petrol due to the significant debt.
The IPMAN boss also expressed shock over Dangote’s statement that he has over 500 million litres in the facility, Punch reports.
He noted that there are delays in loading products from the Dangote Refinery, and it takes as much as four days before being allowed to load.
TimesNow.com.ng previously reported that the NNPC had hiked the petrol pump price thrice in 60 days.
The new price, effective immediately, will allow Nigerians in Lagos to buy the product at its outlets for N1,025 per and N1,060 in Abuja from the previous price of N950 per litre.
The price changes are also reflected in other filling stations owned by independent marketers who are selling at N1,200 to N1,350.
Proofread by Kola Muhammed, journalist and copyeditor at TimesNow.com.ng
Source: TimesNow.com.ng
