12/09/2024
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Marketers of petroleum products in Nigeria reportedly wro!te to President Bola Tinubu to complain that the p!rice of Dangote Re!finery’s diesel, which is at N900 per litre, is nega!tively affecting their businesses.
Devakumar Edwin, Vice Presi!dent, Dangote Industries Limited, disclosed this on a Twitter Spaces session organized by Nairametrics.
“Petroleum product marketers in Nigeria have written to President Bola Tinubu to complain that the refinery local pric!es which have dropped from N1,200 to N1,000 and now N900 per litre are impacting their businesses negati!vely,” he said.
Edwin highlig!hted some of the challenges facing the Dangote Refinery and its impact on Nigeria’s fuel supply and prices.
According to him, the refi!nery stru!ggles to sell about 29 tankers of diesel per day due to low patro!nage from local petrole!um product importers.
“As a result of this poor local patronage, the refinery exports most of its diesel and aviation fuel,” he said.
Edwin had earlier said Dangote Refinery products would be exported if the Nigerian National Petroleum Company Limited and other petroleum dealers in the cou!ntry refuse to patronise it.
“We have been exporting aviation fuel, we have been produ!cing kerosene, we have been producing diesel, but yesterday, we started the production of PMS. So, that was the last stage. The only thing now left out is petrochemicals.”
“So, the good news for the country is we have started prod!ucing PMS from our refinery,” he had said on a radio programme.
Asked if the petrol would be sold locally, Edwin replied, “Well, I expla!!ined how there has been a kind of a blockade from lifting our products within the country. The trade!rs have been trying to block (it), and so now we have been exporting our petro!leum products. PMS, we are ready to pump in as much as possible to the country.
“But if the traders or NNPC are not buying the product, obv!iously, we will end up exporting the PMS as we are doing with the aviation jet and diesel,” he said.
Edwin lamented that Dan!gote Refinery started facing different challenges it never expected when the refinery was set to commence operations.