Dangote Refinery's Pricing Transparency Dispute Intensifies

Bizbooq

Bizbooq

November 01, 2024 · 1 min read
Dangote Refinery's Pricing Transparency Dispute Intensifies

The controversy surrounding the sale of Premium Motor Spirits (PMS) from the Dangote refinery has taken a new turn, with marketers demanding transparency on pricing from the refinery. Despite claims of beneficial transactions, independent marketers have been unable to lift petrol from the refinery for over four days.

The Dangote refinery has stated that it has not been cleared by the Nigerian National Petroleum Corporation (NNPC) to sell petrol to independent marketers, contradicting earlier reports that the refinery had begun selling petrol directly to marketers. The NNPC had earlier announced that it would be ending its exclusive purchasing rights with the Dangote refinery.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) have accused the Dangote refinery of lacking transparency in its pricing, stalling sales. The dispute has significant implications for the Nigerian energy sector and the startup ecosystem, highlighting the need for greater transparency and cooperation between industry players.

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