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.
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:
Earlier, TimesNow.com.ng 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.
Responding, Adewole stated that DAPPMAN members have been purchasing products from the Dangote Refinery.
He added:
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, TimesNow.com.ng 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.
Source: TimesNow.com.ng
