The Dangote Refinery says it sells petrol for ship deliveries at N960 per litre and N990 per litre for truck provides.
This because the agency mentioned that any PMS that’s cheaper than what it’s providing is a substandard product.
This was disclosed in a press release by the refinery’s Group Chief Branding and Communications Officer, Anthony Chiejina, on Sunday.
“Publish deregulation, NNPC set the tempo by promoting PMS to home entrepreneurs at N971 per litre on the market into ships and at N990 on the market into vans.
“This set the benchmark for our pricing, and we have now even gone decrease to promote at N960 per litre on the market into ships whereas sustaining N990 per litre on the market into vans,” the assertion learn.
This transfer comes amid claims by gasoline entrepreneurs that imported petrol will be bought at cheaper charges.
Addressing allegations from the oil entrepreneurs that imported gasoline is priced decrease than Dangote’s choices, the corporate dismissed the claims, suggesting that any cheaper imports are possible substandard.
“We benchmark our costs in opposition to worldwide requirements.
“If anybody claims they’ll land PMS at a value cheaper than ours, then they’re possible importing substandard merchandise and dealing with worldwide merchants to dump low-quality gasoline within the nation, with out contemplating the well being of Nigerians or the longevity of their automobiles,” it added.
It additional said that the regulatory company, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, lacks the laboratory services to correctly assess imported gasoline high quality, probably permitting substandard merchandise to enter the market unchecked.
The refinery defended its pricing as being in keeping with international requirements, emphasising the necessity for Nigeria to help its native refining sector.
“Nations worldwide defend their home industries to advertise job creation and financial development,” the assertion learn, citing the examples of the U.S. and Europe imposing tariffs on electrical automobiles and microchips to guard their industries.
The corporate reiterated that its pricing technique is each aggressive and geared toward making certain the provision of high-quality, Nigerian-refined petrol.
“We commenced gross sales at these charges in good religion, even with out full readability on the alternate price we’d use to pay for crude purchases,” it famous.