3 days ago
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Dangote Refinery has alleged that an planetary trading institution precocious acquired a depot for blending and selling substandard products successful Nigeria.
“At the aforesaid time, an planetary trading institution has precocious hired a depot installation adjacent to the Dangote Refinery, with the nonsubjective of utilizing it to blend substandard products that volition beryllium dumped into the marketplace to vie with Dangote Refinery’s higher prime production.
“This is detrimental to the maturation of home refining successful Nigeria. We should constituent retired that it is not antithetic for countries to support their home industries successful bid to supply jobs and turn the economy. For example, the US and Europe person had to enforce precocious tariffs connected EVs and microchips successful bid to support their home industries,” Dangote Refinery said successful a connection released by the company’s Group Chief Branding and Communications Officer, Anthony Chiejina, connected Sunday.
The connection comes aft the Independent Petroleum Marketers Association of Nigeria, IPMAN, and the Petroleum Retail Outlet Owners Association of Nigeria, PETROAN, had complained astir the Dangote refinery’s pricing strategy.
However, the refinery insisted that its rates are competitory and successful enactment with planetary standards.
Dangote Refinery further accused those saying they are importing PMS cheaper of importing substandard and low-quality products.
DAILY POST reported that Dangote Refinery had disclosed that it acceptable its PMS terms astatine N960 per litre for merchantability into ships and N990 per litre for trucks.
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