LEGIT NG
Dave Ibemere, a journalist at Legit.ng, has been reporting on business for over ten years. He has deep knowledge of the Nigerian economy, stock market, and general market trends.
The Dangote Refinery has dismissed as “fake news” allegations that it is selling Premium Motor Spirit (PMS), commonly known as petrol, at a rate between N1,015 and N1,028 per litre to marketers.
Oil marketers also claimed that the Dangote refinery’s petrol prices are higher than the landing costs of imported petrol.
An anonymous major marketer who was quoted in various reports claimed that the refinery currently sells to oil marketers making bulk purchases at N1,015/litre and small buyers at N1,028/litre.
His words:
Vanguard also quoted Joseph Obele, the Publicity Secretary of Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, as claiming that Dangote petrol might be higher because the refinery was processing imported crude oil.
Data released by the Major Energies Marketers Association of Nigeria showed that on Thursday, October 31, the landing cost of diesel was N1,069.97/litre, while that of aviation fuel was put at N1,119.67/litre.
Reacting, Tony Chiejina, the Chief Corporate Communications Officer of Dangote Group dismissed the allegation.
He described the quoted prices by marketers as ‘fake news’.
