Dangote refinery sells a litre of petrol to international traders at N65 cheaper than the amount it gives the product to marketers in Nigeria. This is going by some fuel importers in the country.
This was confirmed by the Depot and Petroleum Product Marketers Association of Nigeria, Petroleum Products Retail Outlet Owners Association of Nigeria.
While kicking against the planned slashing of prices on Monday, DAPPMAN in particular said it was a ploy to stifle competition.
The Dangote refinery recently announced that it would drop petrol prices from N865 per litre to N841 in Lagos and the South West, and N851 in Abuja, Edo, and Kwara.
This would come alongside the commencement of its direct fuel distribution scheme.
In an interview with our correspondent on Saturday, the DAPPMAN Executive Secretary, Olufemi Adewole, told Punch that members of the group bought Dangote’s petrol from international traders in Lome, Togo, at prices lower than what was offered locally by the refinery.
Adewole said importers had made efforts to buy petrol from the Dangote refinery, but the price was higher, adding that sometimes, it could be better to import the product.
But the Dangote refinery downplayed the allegations, suggesting DAPPMAN might be the force behind the recent attack against it by the Nigerian Union of Petroleum and Natural Gas Workers.
NUPENG had accused the refinery of anti-union practices, including refusing to allow drivers to join the group. The union threatened to embark on industrial action over the matter.
