Dangote’s petrol pricing: N990/litre for PMS not considerate — Nigerians react

Some Nigerians have taken to social media to react to the recently disclosed petrol prices from Dangote Refinery.

Tribune Online reports that Dangote Refinery revealed its petrol prices following claims by the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) that they import petrol at cheaper rates.

In its reaction on Sunday, the refinery disclosed that its petroleum products are sold at N990 per litre for truck distribution and N960 per litre for ship distribution.

In a statement released on Sunday night and signed by Anthony Chiejina, Group Chief Branding and Communications Officer, the refinery stated that it adheres to the pricing benchmark set by the Nigerian National Petroleum Company Limited (NNPCL), adding that it offers a lower price for sales into ships.

The statement has, however, continued to elicit various reactions from social media users. While some question why it took so long for the refinery to disclose the prices of its products, others believe the amount is high, given that the refinery is located in Nigeria.

Reacting to the development on X, a user, @AdekunlePhilip wrote, ”Dear Dangote, N990/litre for PMS is not in any way considerate to Nigerians who had high hopes in the completion and kick-off of your refinery. We expected nothing more than N500/litre. If you will not treat us with preference, then let us buy from importers in one peace.”

Another user, @EEneremadu tweeted, “Why should Dangote sell at 960 into ships? Are we importing it. NNPCL price of 970 into ships includes freight etc but Dangote doesn’t include freight so why should it be almost same price.”

ALSO READ: Petrol pricing: We sell at N960/litre into ships, N990 for trucks — Dangote Refinery

@EbenzAd wrote, “You’re selling at N990 per litre like the imported one. Is that not wickedness? What’s the need of having a local refining then? Is it to beat down price to assist the common man. We hope an imported one come in and is sold lesser than yours.

In his words, @SamuelI10540458 wrote, “990 for trucks is on the high side sha. Dangote can do better.”

“Finally, the price is out. Why are you hiding the price before.” @Femijohnson2 opined.

Reacting to the pricing on Facebook, a user, Idorenyin O. Atti wrote, “I have never believe in Dangote making anything easy for Nigerian, he is a business man, out to make his profits, i hate it when he present things as if he is helping Nigerians. He just want to monopolize oil just as he is in charge of cement etc.

Marketers should be free to buy fuel anyway of their choice. What is he crying about?”

Another user, Lawrence Obika wrote, “Your price is too high, you can now get crude oil direct from NNPC with Naira, what are we getting in return?”

“This is too much to be considered or adopt as a price. In addition with the loading, truck and other expenses on a liter will cost the retailers nothing than 1300 per liter to consumers. Pls put the masses to consideration, you’ll simply make your money in due time why we’re also hoping to see in you in another field to develop Nigeria,” Prince Excel Teekay Adeyinka opined.

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