The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized Dangote Refinery’s pricing structure, arguing that its locally produced Premium Motor Spirit (Petrol) should be cheaper than the current ex-depot prices of N960 and N990 per litre.
In an exclusive interview with DAILY POST, IPMAN spokesperson, Ukadike, emphasized that Dangote Petrol’s prices encourage importation, rather than discouraging it. “We expect a cheaper price than N960 and N990 per litre for Dangote Refinery; that is the bottom line. Dangote Petrol ought to be significantly cheaper to discourage imports.”
Dangote Group spokesperson, Anthony Chiejina, had earlier stated that Dangote Petrol is sold at N960 per litre for ships and N990 per litre for trucks, alleging that those claiming to import PMS at cheaper prices are importing substandard products.
Ukadike dismissed Dangote Refinery’s claims of substandard fuel imports as “baseless” and “unfounded,” citing the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) effective regulation of the sector.
Ukadike urged the government to establish a presidential committee to resolve petrol price challenges, ensuring a competitive market. “The government should set up a presidential committee to address issues between the Nigerian National Petroleum Company Limited (NNPCL), NMDPRA, and Dangote.”
As NNPCL retail outlets sell PMS between N1,025 and N1,060, other filling stations sell between N1,115 and N1,300 nationwide, sparking concerns among Nigerians.
