Dangote Refinery Raises Alarm Over Alleged Sale of Substandard Fuel by Nearby Company
Dangote Refinery has raised concerns over a nearby facility allegedly involved in the blending and sale of substandard petroleum products in Nigeria. The company claims that an international trading firm recently acquired a depot adjacent to its own premises, reportedly to produce and distribute low-quality fuel to the Nigerian market in direct competition with Dangote’s high-quality refinery output.
In a statement released by Anthony Chiejina, Dangote Group’s Chief Branding and Communications Officer, the refinery highlighted the potential harm of such practices to Nigeria’s domestic refining sector, emphasizing the importance of protecting local industries to support job creation and economic growth. “For instance, the US and Europe have implemented tariffs on electric vehicles and microchips to safeguard their local industries,” the statement noted, stressing the need for similar protective measures.
This announcement follows recent criticisms from the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN), who have raised concerns about Dangote’s pricing strategy. Despite this, Dangote Refinery maintains that its pricing is aligned with global standards, dismissing claims that imported petroleum products, sold at a lower cost, are of comparable quality.
According to reports by Daily Post, Dangote Refinery has set its Premium Motor Spirit (PMS) prices at ₦960 per litre for ship-based sales and ₦990 per litre for truck distribution.
