Again, operators of the Dangote Refinery and Petrochemical Plant have cried out that local oil marketers are not patronizing its diesel and jet fuel, putting the patronage at 3% only.
Consequently, the refinery has been forced to export the remaining 97% of the product.
This development was announced by Devakumar Edwin, vice-president of Dangote Industries Limited (DIL) during an X space organised by Nairametrics on Thursday.
“The conglomerate of all the importers are refusing to buy from us. It is very strange that after putting up the refinery to supply the products locally, I have to export every diesel and jet fuel because they do not want to buy from us,” Edwin said.
“We started selling the diesel, we fixed the price, and it was lower than the prevailing market price. Then, we brought the price further down and they (marketers) wrote to the president complaining.”
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Edwin said the marketers complained that the refinery reduced the price of diesel and so “they said they do not want to buy from us”.
Specifically, he said the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) wrote to President Bola Tinubu that the price cut affected their business “due to the large inventory of imported AGO”.
The vice-president said the refinery may also be forced to export its petrol “if they are not willing to buy”.
“But to be very frank and straightforward, the Nigerian National Petroleum Company (NNPC) has come forward,” Edwin said.
By: Babajide Okeowo
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