WE STAND BY OUR STATEMENT ON DAPPMAN

… MARKETERS’ N1.505TRN SUBSIDY DEMAND

Dangote Petroleum Refinery stands by its assertion on the Depot and Petroleum Merchandise Entrepreneurs Affiliation of Nigeria (DAPPMAN), revealed on Monday, September 15, within the following nationwide newspapers: The Guardian, ThisDay, The Punch, Each day Belief, Nigerian Tribune, Each day Solar, Vanguard, The Nation, BusinessDay, Management, Each day Impartial, and Blueprint, in addition to on quite a few respected on-line platforms.

We want to emphasise that any occasion who feels aggrieved by the contents of the publication is entitled to hunt redress by way of the suitable authorized channels, with out recourse to any so-called seven-day discover. We’re totally ready to defend our place.

We want to make clear that the crux of DAPPMAN’s sustained assaults on Dangote Petroleum Refinery stems from their demand for an annual subsidy of N1.505 trillion to allow their members to match the refinery’s gantry costs at their very own depots.

Whereas we provide petroleum merchandise to entrepreneurs at our gantry value, DAPPMAN insists on receiving merchandise by way of coastal logistics, an choice that will add N75 per litre in further prices. Based mostly on projected each day consumption volumes of 40 million litres of Premium Motor Spirit (PMS) and 15 million litres of Automotive Gasoline Oil (AGO), this quantities to a further annual price of N1.505 trillion (N1,505,625,000,000), which they’re successfully asking us to soak up and move it on to shoppers.

Particularly, the entrepreneurs are demanding that we low cost N70/litre in coastal freight, NIMASA, NPA and different related prices in addition to N5/litre for the price of pumping into vessels to allow them to move merchandise from our refinery to their depots in Apapa and promote on the identical value as our gantry.

We want to make it clear that now we have no intention of accelerating our gantry value to accommodate such calls for, nor are we prepared to pay a subsidy of over N1.5 trillion, a apply that traditionally defrauded the Federal Authorities for a few years. DAPPMAN and different entrepreneurs are welcome to raise merchandise straight from our gantry and profit from our logistics-free initiative.

The Dangote Petroleum Refinery has enough capability to fulfill home demand and assist export. We persistently preserve a closing inventory of 500 million litres of refined merchandise in our tanks every month. Between June and September, the refinery exported a mixed complete of three,229,881 metric tonnes of PMS, AGO, and aviation gas, whereas entrepreneurs imported 3,687,828 metric tonnes over the identical interval, an motion that quantities to dumping which is detrimental to the Nigerian economic system and the wellbeing of its residents.

Dangote Petroleum Refinery stays steadfast in its assist for the reform initiatives of His Excellency, President Bola Ahmed Tinubu. By means of varied strategic efforts, now we have demonstrated our dedication to stabilising the Naira, cushioning the results of gas subsidy elimination, positioning Nigeria as a refining hub, boosting international alternate earnings, and creating employment alternatives amongst others.

We get pleasure from robust working relationships with authorities businesses and stay dedicated to supporting their efforts, whereas not hesitating to carry establishments accountable the place essential.

Dangote Petroleum Refinery stays firmly dedicated to the progress and wellbeing of Nigeria, and is open to partnerships with patriotic and accountable stakeholders in pursuit of nationwide improvement.