Dangote says entrepreneurs need refinery to extend pump worth by N75 earlier than shopping for from gantry

Dangote Petroleum Refinery has revealed that the Depot and Petroleum Merchandise Entrepreneurs Affiliation of Nigeria (DAPPMAN) requested it to extend the worth of petrol and diesel by N75 per litre, with the intention to enable its members to match the refinery’s gantry costs at their respective depots. If applied, this could consequence within the pump worth of Premium Motor Spirit (PMS) and diesel rising to as excessive as N950 and N1,090 per litre respectively in some elements of Nigeria.

The refinery disclosed that though it presents petroleum merchandise to entrepreneurs at its gantry worth, DAPPMAN insists on taking supply through coastal logistics, an possibility that may add N75 per litre in further prices. Based mostly on day by day consumption volumes of 40 million litres of Premium Motor Spirit (PMS) and 15 million litres of Automotive Fuel Oil (AGO), this quantities to a further annual value of N1.505 trillion (N1,505,625,000,000), which they successfully requested the refinery to soak up and go on to Nigerians.

“We want to make it clear that we have now no intention of accelerating our gantry worth to accommodate such calls for, nor are we keen to pay a subsidy of over N1.5 trillion, a follow that traditionally defrauded the Federal Authorities for a few years. DAPPMAN and different entrepreneurs are welcome to elevate merchandise instantly from our gantry and profit from our logistics-free initiative,” it stated.