DAILY TRUST
Dangote Refinery has broken silence on the price of premium motor spirit (pms) otherwise known as petroleum from its refinery, saying its product is cheaper than the imported one.
The Group disclosed this in response to comment from some marketers to that imported pms is cheaper than the one supplied from Dangote Refinery.
The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) had claimed that it is more expensive to buy fuel from Dangote.
Yakubu Suleiman, national assistant secretary of IPMAN, spoke in a television interview at the weekend.
“If Dangote has a product selling for N1,000, let’s assume, and there’s another place selling for N900, we can’t just say, for the sake of our relationship with Dangote, that we’ll instruct our members to buy there. We must go where the price is lower, where we’ll get profit,” he said.
But Dangote refinery in a statement by Anthony Chiejina, Group Chief Branding and Communications Officer, described the claim by IPMAN and other marketers as “misinformation.”
He explained that the refinery benchmarked its prices against international prices and “we believe our prices are competitive relative to the price of imports.”
The statement read: “If anyone claims they can land PMS at a price cheaper than what we are selling, then they are importing substandard products and conniving with international traders to dump low quality products into the country, without concern for the health of Nigerians or the longevity of their vehicles.
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