Petrol price cut: Dangote refinery and marketers disagree over reason for drop
Dangote Refinery and Nigerian petroleum marketers have offered differing explanations for the recent drop in petrol prices.
Dangote Refinery and Nigerian petroleum marketers have offered differing explanations for the recent drop in petrol prices.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the proposed 15% import duty on petrol and diesel will no longer be implemented, assuring Nigerians of sufficient fuel supply.
The Nigerian government’s proposed 15 per cent import duty and 7.5 per cent VAT on fuel could raise annual revenue by N4.8 trillion while pushing petrol prices from around N950 to N1,163.75 per litre.
Dangote Refinery has debunked reports alleging it imported petrol with high sulphur content, insisting the shipment was only feedstock used in refining.
Petrol prices surged to as high as N945 per litre in Abuja as supply disruptions from the PENGASSAN strike triggered scarcity and depot price hikes.
NUPENG has declared Senator Adams Oshiomhole persona non grata for criticising PENGASSAN’s strike against Dangote Refinery, accusing him of betraying Nigerian workers and rationalising their victimisation.
The Federal Government has declared the Dangote Refinery a vital national asset, urging PENGASSAN to avoid crippling actions and stressing that “Nigeria is greater than PENGASSAN.”
Despite Dangote Refinery’s logistics-free petrol delivery at N820 per litre, most filling stations continue to sell above N865, frustrating motorists expecting price relief.
Dangote Refinery offered to pay sacked workers five years’ salaries without work, but PENGASSAN rejected the plan, securing redeployment instead.
PENGASSAN suspended its nationwide strike against Dangote Refinery out of respect for government intervention but vowed to resume if agreed terms are breached.