Dangote Refinery's Pricing Transparency Dispute Intensifies

Bizbooq

Bizbooq

November 01, 2024 · 2 min read
Dangote Refinery's Pricing Transparency Dispute Intensifies

The controversy surrounding the sale of Premium Motor Spirits (PMS) from the Dangote refinery in Nigeria has taken a new turn, with marketers demanding transparency on pricing from the refinery. The dispute has sparked concerns about the lack of transparency in the energy sector, with marketers accusing the refinery of stalling on the issue of pricing.

According to reports, the Dangote refinery claims it has not been cleared by the Nigerian National Petroleum Corporation (NNPC) to sell petrol to independent marketers, despite earlier claims that it had begun selling directly to marketers. This has led to a standoff, with marketers unable to lift petrol from the refinery for over four days.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) have accused the Dangote refinery of being uncooperative, with IPMAN's national president, Abubakar Maigandi, stating that members of the group had visited the refinery but were unable to lift petrol. The dispute has significant implications for the energy sector in Nigeria, highlighting the need for greater transparency and cooperation between stakeholders.

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