Dangote petrol N65 cheaper in Togo — Importers

Dangote refinery

Some fuel importers in the country have alleged that the Dangote refinery sells a litre of petrol to international traders at N65 cheaper than the amount it gives the product to marketers in Nigeria.

The Depot and Petroleum Product Marketers Association of Nigeria, Petroleum Products Retail Outlet Owners Association of Nigeria confirmed this in separate exclusive interviews with Sunday PUNCH.

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 Sunday 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. Punch