Local petroleum marketers in Nigeria are pressing Dangote Refinery to reveal the price of its petrol, as they are eager to begin purchasing from the facility. The President of the Petroleum Products Retail Outlets Owners Association (PPROOA), Gillis-Harry, emphasized the need for transparent communication regarding the pricing, stating that marketers cannot rely on unverified claims that Dangote’s petrol is cheaper than imported alternatives.
This request follows allegations from Edwin Devakumar, Vice President of Dangote Industries Limited, who accused local marketers of avoiding the refinery’s petrol despite offering lower prices. Speaking during an online session organized by Nairametrics, Devakumar claimed that only 3% of local marketers showed interest in purchasing Dangote’s petrol.
Gillis-Harry countered this by pointing out that marketers need the actual cost from the refinery to calculate logistics and other expenses before committing to purchases. He stressed that while marketers are ready to collaborate with Dangote Refinery, they need clear pricing to avoid financial losses.
Additionally, he mentioned challenges with Dangote Refinery’s Automotive Gas Oil (Diesel), where marketers were required to buy a minimum of one million liters, a quantity many could not afford.
Despite these concerns, the marketers are open to working with Dangote but need transparent terms of sale.
