Connect with us
X
Categories:

News

IPMAN decries selling of Dangote petrol at higher than imported

Published

on

IPMAN decries selling of Dangote petrol at higher than imported
Share this post:

The Nigerian National Petroleum Company Limited is being urged by the Independent Petroleum Marketers Association of Nigeria to make sure that petrol from the Dangote Refinery is not sold for more than fuel that is imported. The association has expressed concerns over the pricing of crude oil.

The argument put up by IPMAN is that this kind of discrepancy might have adverse effects on both consumers and marketers, and it would be detrimental to the country’s efforts to achieve energy independence.

Locally refined petrol should be priced to take into account the benefits of home production, giving Nigerians a more cost-effective choice, according to IPMAN on Monday.

The association emphasized that maintaining competitive pricing is crucial for the success of the Dangote Refinery and for fostering a sustainable fuel market in the country.

IPMAN National Welfare Officer, John Kekeocha, stated this on Channels Television’s The Morning Brief breakfast programme on Monday.

“If NNPC can sell Dangote products higher than the imported products then it doesn’t make sense. What is the celebration we are having all these while then?” he queried.

The NNPCL began loading the first batch of petrol from the Dangote Refinery on Sunday, saying it got petrol at N898 per litre from the private refinery.

Before lifting petrol from the Dangote Refinery on Sunday, NNPCL retail outlets in Lagos sell petrol for around N855 but said a litre of Dangote petrol now sells for N950 per litre in Lagos and N1,019 in Borno.

However, Dangote Refinery denied selling petrol to the NNPCL at N898. A spokesman for the refinery Anthony Chiejina in a statement late Sunday described the claim by the NNPCL as “misleading and mischievous”.

“It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing. With this action, there will be petrol in every local government area of the country regardless of their remote nature,” Chiejina said.

RECOMMENDED  Dangote refinery may dump local market

NNPCL insisted that it got petrol from Dangote Refinery at N898 per litre and challenged the latter to release the price it sold petrol. The NNPCL further released a breakdown of pricing it sells Dangote petrol at its filling stations across the country.

Last December, Dangote, Africa’s leading industrialist, commenced operations at his $20bn facility sited in Lagos with 350,000 barrels a day.

The refinery, which was initially bogged by regulatory battles, hopes to achieve its full capacity of 650,000 barrels per day by the end of the year.

The refinery has begun the supply of diesel and aviation fuel to marketers in the country and now petrol.

Nigeria, Africa’s most populous nation, faces energy challenges, with all its state-owned refineries non-operational. The country is heavily reliant on imported refined petroleum products, with the state-run NNPC being the major importer of the essential commodities.

Fuel queues are commonplace in the country. Prices of petrol tripled since the removal of subsidy in May 2023, from around N200/litre to over N1000/litre, compounding the woes of the citizens who power their vehicles, and generating sets with petrol, no thanks to decades-long epileptic electricity supply.


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories59 mins ago

[STORY] THE PASTOR’S DAUGHTER (Final Episode 13)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories2 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 12)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories2 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 11)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories2 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 10)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories3 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 09)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories3 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 08)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories3 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 07)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories4 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 06)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories5 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 05)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories5 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 04)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories5 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 03)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories6 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 02)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories6 hours ago

[STORY] THE PASTOR’S DAUGHTER (Episode 01)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories7 hours ago

[STORY] THE PASTOR’S DAUGHTER (Complete Episodes)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories8 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 16)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories8 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 15)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories9 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 14)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories9 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 13)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories10 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 12)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories10 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 11)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories10 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 10)

General11 hours ago

Skylar Grey – Everything I Need [LYRICS]

General11 hours ago

[Music] Diddy – Dirty Money – “Coming Home” Feat. Skylar Grey

General11 hours ago

Diddy – Dirty Money – “Coming Home” Feat. Skylar Grey [LYRICS]

General11 hours ago

[Music] African China – Amen

General11 hours ago

[Music] African China – Baba God

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories11 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 09)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories11 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 08)

General11 hours ago

African China – Baba God [LYRICS]

General11 hours ago

Machine Gun Kelly (MGK) “Home” Feat X Ambassadors & Bebe Rexha [LYRICS]

General11 hours ago

Passenger – Let Her Go [LYRICS]

General11 hours ago

[Music] Eminem – “No Love” Feat. Lil Wayne

General11 hours ago

Eminem – “No Love” Feat. Lil Wayne [LYRICS]

Music11 hours ago

[Music] Tatiana Manaois – Buzz Kill

General12 hours ago

Tatiana Manaois – Buzz Kill [LYRICS]

General12 hours ago

James Blunt – Goodbye My Lover [LYRICS]

General12 hours ago

Major Lazer – “Particula” Feat. Nasty C , Ice Prince, Patoranking & Jidenna [LYRICS]

General12 hours ago

James Blunt – You’re Beautiful [LYRICS]

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories12 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 07)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories12 hours ago

[STORY] PAPA LOVES HIS GIRLS (Episode 06)

Gnash (singer)
Music4 days ago

[Music] Gnash Ft Olivia O’Brien – I Hate you, I Love you

John Legend
Music2 days ago

[INSTRUMENTAL] John Legend – All Of Me

Alan Walker
Music6 days ago

Alan Walker – Faded [INSTRUMENTAL]

21 Savage
Music2 days ago

[Video] 21 Savage ft. Offset & Metro Boomin – Rap Saved Me

Wiz Khalifa
Music4 days ago

[Instrumental] Wiz Khalifa – See You Again ft. Charlie Puth

General7 days ago

[Music] Sapientdream – Pastlives

Salvation Ministry Choir Amen
Lyrics2 days ago

Salvation Ministry Choir – Amen [LYRICS]

General5 days ago

[Music] The Chainsmokers – ‘Don’t Let Me Down’ Feat. Daya

Powfu (singer)
Music4 days ago

[Music] Powfu – Death Bed (Coffee for Your Head) Feat. Beabadoobee

General5 days ago

[Music] Wyclef Jean – “Sweetest Girl (Dollar Bill)” Feat. Akon, Lil Wayne, Niia

General3 days ago

[Music] Zayn Malik – Entertainer

Wiz Khalifa - See You Again ft. Charlie Puth
Music4 days ago

[Music] Wiz Khalifa – See You Again ft. Charlie Puth

Music3 days ago

[Music] Exalted Tribe (HICC) – We Dey Halla

Anna Kendrick
Music4 days ago

[Music] Anna Kendrick – Cups (Pitch Perfect’s “When I’m Gone”)

General11 hours ago

[Music] Diddy – Dirty Money – “Coming Home” Feat. Skylar Grey

General2 days ago

[Music] John Legend – Love Me Now

Right Said Fred
Music4 days ago

[Music] Right Said Fred – Stand Up (For the Champions)

Salvation Ministries Mass Choir
Music2 days ago

[Music] Salvation Ministries Choir – Chioma Me Eh(Good God)

General15 hours ago

[Music] Celine Dion – If That’s What It Takes

Salvation Ministries Mass Choir
Lyrics2 days ago

Salvation Ministries Choir – Chioma Me Eh(Good God) [LYRICS]

General16 hours ago

[Music] P!nk – Try

General7 days ago

[Music] Shaggy – Strength Of A Woman

General2 days ago

[Music] Jaden Smith – Goku

Music4 days ago

[Music] Wiz Khalifa – See You Again (Remix) Feat Charlie Puth, Eminem, Tyga, & Chris Brown

R. Kelly
Music4 days ago

[Music] R. Kelly – World’s Greatest

General1 day ago

Magic! — Rude [LYRICS]

General13 hours ago

[Music] Journey – Don’t Stop Believin’

General7 days ago

[Music] Justin Bieber – Love Me

General2 days ago

[Music] Cardi B – Bartier Cardi ft. 21 Savage

General7 days ago

[Music] Lionel Richie – Angel

General3 days ago

[Music] Tyga ft. Offset – Taste

General17 hours ago

[Music] P!nk – “Just Give Me A Reason” Feat. Nate Ruess

General7 days ago

[Music] BIG SHAQ – Man’s Not Hot

General3 days ago

[Music] 21 Savage ft. Offset & Metro Boomin – Rap Saved Me

General7 days ago

[Music] Shayne Ward – Breathless

General6 days ago

[Music] Post Malone – Candy Paint

General6 days ago

[Music] R Kelly – When A Woman Loves

General7 days ago

[Music] Bill Withers – Lean On Me

General19 hours ago

[Music] African China – Western Union

General5 days ago

[Music] Luniz – “Got 5 On It” Feat. Michael Marshall (Tethered Mix from US)

ANE Billboard Hots



Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.