Nigerians have lambasted Dangote Refinery for refusing to disclose its Premium Motor Spirit (PMS) price, sparking transparency concerns months after the company began fuel distribution.
Dangote Group recently denied claims by petroleum marketers that its PMS is sold between N1,115 and N1,028 per litre, labeling them as “fake news.” However, Yakubu Suleiman, National Assistant Secretary of the Independent Petroleum Marketers Association of Nigeria, had stated that Dangote Petrol’s price range was indeed between N1,115 and N1,028 per litre.
Nigerians took to social media to demand openness from Dangote Refinery. @Olurunwababs tweeted, “It is laughable to debunk a claim as fake, then refuse to disclose how much it is to buy from Dangote Refinery! Dangote Refinery should be transparent about its fuel price.” @Abdul_A_Bello simply asked, “Just tell us how much you are selling from your depot.”
Abbaaudu questioned Dangote’s reluctance to disclose prices, saying, “The secrecy fuels speculation about potential market dominance or unseen factors at play. Just tell us the price! A simple and straightforward question.”
Upon the lifting of Dangote Petrol on September 15, 2024, the Nigerian National Petroleum Company Limited revealed buying fuel at N898 per litre from the refinery. However, Dangote refuted the claim without disclosing the exact figure.
As Nigerians struggle to buy petrol at between N1025 and N1300 per litre amid incessant price hikes, Dangote Refinery’s secretive pricing has raised concerns about market manipulation and lack of transparency.
The controversy surrounding Dangote Refinery’s pricing has sparked a national debate on transparency and accountability in the oil and gas sector.
