The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it doesn’t make sense for the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol lifted from the Dangote Refinery higher than imported ones.

IPMAN National Welfare Officer, John Kekeocha, stated this on Channels Television’s The Morning Brief breakfast programme on Monday.

“If NNPC can sell Dangote products higher than the imported products then it doesn’t make sense. What is the celebration we are having all these while then?” he queried.
The NNPCL began loading the first batch of petrol from the Dangote Refinery on Sunday, saying it got petrol at N898 per litre from the private refinery.

Before lifting petrol from the Dangote Refinery on Sunday, NNPCL retail outlets in Lagos sell petrol for around N855 but said a litre of Dangote petrol now sell for N950 per litre in Lagos and N1,019 in Borno.
However, Dangote Refinery denied selling petrol to the NNPCL at N898. A spokesman for the refinery Anthony Chiejina in a statement late Sunday described the claim by the NNPCL as “misleading and mischievous”.

“It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing. With this action, there will be petrol in every local government area of the country regardless of their remote nature,” Chiejina said.

NNPCL insisted that it got petrol from Dangote Refinery at N898 per litre and challenged the latter to release the price it sold petrol. The NNPCL further released a breakdown of pricing it sell Dangote petrol at its filling stations across the country.

Last December, Dangote, Africa’s leading industrialist, commenced operations at his $20bn facility sited in Lagos with 350,000 barrels a day.
The refinery, which was initially bogged by regulatory battles, hopes to achieve its full capacity of 650,000 barrels per day by the end of the year.

The refinery has begun the supply of diesel and aviation fuel to marketers in the country and now petrol.

Nigeria, Africa’s most populous nation, faces energy challenges, with all its state-owned refineries non-operational. The country is heavily reliant on imported refined petroleum products, with the state-run NNPC being the major importer of the essential commodities.

Fuel queues are commonplace in the country. Prices of petrol tripled since the removal of subsidy in May 2023, from around ₦200/litre to over ₦1000/litre, compounding the woes of the citizens who power their vehicles, and generating sets with petrol, no thanks to decades-long epileptic electricity supply.

Yourprick:

https://www.channelstv.com/2024/09/16/it-doesnt-make-sense-for-nnpcl-to-sell-dangote-petrol-higher-than-imported-ones-ipman/

Samunique:
The NNPCL is obviously the problem of this country. The early they removed that northern man ( Kyari ) the better for this country.

Anither563:
IPMAN is right. It makes no sense.

Yourprick:

https://www.channelstv.com/2024/09/16/it-doesnt-make-sense-for-nnpcl-to-sell-dangote-petrol-higher-than-imported-ones-ipman/

DeLaRue:


On this particular deal, it is difficult to see what NNPCL has done wrong.

They have negotiated to get the best price they can get from Dangote, and from the pricing information they published this morning, NNPC are not really profiting much from this deal.

If those greedy independent marketers have been allowed to buy directly from Dangote, they would have used their usual magomago to make sure we don't know how much they bought from Dangote, and they will sell for N1300 or N1400.

These same independent marketers that some of you people are now supporting are the same people that have jacked up the price of petrol to as much as N1100 or more over the past 3 months, even when NNPCL was selling at around N600.

They are also the ones who hide petrol in their filling stations to create artificial scarcity so they can extort vehicle owners with outrageous prices.

Any time they don't get their way, they threaten to go on strike.

NNPCL is not good, but I 100% prefer it to be in charge than independent marketers.

To back up.my point, has there ever been a time when NNPCL filling stations sell petrol at a price higher than independent filling stations. Never. NNPCL stations are always cheaper.

I hope NNPCL will continue to buy more and more filling stations so they are present in every corner of the country.

bigpicture001:


Why is IPMAN itself avoing to lift Dangote diesel...,,? They aid it's too cheap .are they not also sabotaging Nigerians...?

Yourprick:

https://www.channelstv.com/2024/09/16/it-doesnt-make-sense-for-nnpcl-to-sell-dangote-petrol-higher-than-imported-ones-ipman/

WhizdomXX:

How will NNPCL ever be lower when they are the ones selling to marketers, and giving license to them all these while?

Zionmdde:
If you think the total cost of imported fuel was less than 1500, then you are mistaken

Nnpc was paying subsidy on a low key, that was the reason fuel price was what it was

The new price of dangote is the true price without subsidy

Yourprick:

https://www.channelstv.com/2024/09/16/it-doesnt-make-sense-for-nnpcl-to-sell-dangote-petrol-higher-than-imported-ones-ipman/