The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Dangote Petroleum Refinery to reduce the prices of its petrol products to better compete with importers.
The appeal comes amidst concerns that importers are attracting higher demand due to their more competitive pricing.
The Nation reports that IPMAN’s national president, Alhaji Abubakar Maigandi, gave the advice while reacting to claims of importation of cheap dirty fuel into the country.
Maigandi explained:
Maigandi dismissed Dangote’s claims that imported fuel was of inferior quality, noting that there have been no complaints from users who fuel their haulage trucks with imported fuel, Punch reports.
He added:
He also urged Dangote to partner with IPMAN members to distribute its petroleum products, highlighting its extensive retail network across the country.
He stressed:
Also reacting, George Ene-Ita, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) corporate communications general manager, stated that the body has not yet received authorisation to respond to Dangote Refinery’s allegations.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) held the same position.
PETROAN’s national president, Billy Harry, said:
Earlier, TimesNow.com.ng reported that diesel prices at the Dangote Refinery skyrocketed to N1,100 per litre amid the naira’s continued fall against the dollar.
Oil marketers reported that the refinery increased the price about two weeks ago, leading to them buying it at about N1,200 per litre.
Also, petrol prices have increased in many private depots to about N710 per litre, which has led to an increase in pump price to N750 per litre.
Proofreading by James Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
