Oil marketers, Nigerians in limbo as Dangote Refinery ignores call on direct petrol lifting

Oil marketers, Nigerians in limbo as Dangote Refinery ignores call on direct petrol lifting

The Dangote 650,000 barrels per day Lagos-based refinery has ignored oil marketers’ call on direct lifting of its Premium Motor Spirit (petrol).

The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi and the President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry disclosed this to DAILY POST exclusively in separate interviews.

This comes as a report emerged on Monday that the Nigerian National Petroleum Company Limited has quit its role as sole off-takerer of Dangote Petrol.

The development places oil marketers and Nigerians in limbo.

Speaking on the development, Maigandi said all efforts put forward by IPMAN to meet with Dangote Refinery’s management have not yielded results.

“Up till today (Monday) we have not had a meeting and feedback from Dangote Refinery on direct sales of its fuel.

“We cannot talk about the price of Dangote Petrol since we have not been able to buy it directly,” he said.

He noted that there would be a reduction in the price of petrol which currently goes between N950 and N1,200 per liter if Dangote Refinery agrees to sell the product directly to oil marketers.

“There will be a small reduction in price if Dangote refineries sell petrol to us directly”, he added.

When asked how much NNPCL sells petrol to its marketers, “NNPCL sold petrol to us at N840 and N870 per liter depending on the location. We sell at N950 in Abuja depending on the location.”

Speaking on NNPCL quitting role as sole off-taker of Dangote Petrol, Maigandi stressed that, “We’re waiting to hear from Dangote Refinery”, on whether we can lift petrol directly.

On his part, Gillis-Harry re-rechoed Maigandi’s position on Dangote Refinery’s refusal to sell its petrol directly to marketers.

According to him, despite attempts by petroleum marketers to have business discussions with Dangote Refinery, they have not received the green light.

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