Dangote Refinery has claimed that an international trading company recently obtained a depot for blending and selling inferior products in Nigeria.
This is contained in a statement released yesterday by the company’s Group Chief Branding and Communications Officer, Anthony Chiejina, claiming that an international trading company recently hired a depot facility next to the Dangote Refinery, with the objective of using it to blend substandard products that will be dumped into the market to compete with Dangote Refinery’s higher quality production.
Chiejina said such an objective is detrimental to the growth of domestic refining in Nigeria, citing the United States and some European countries that have imposed high tariffs on EVs and microchips to protect their local industries to generate jobs and boost economic growth.
Furthermore, Dangote, while reacting to claims by the Independent Petroleum Marketers Association of Nigeria, IPMAN, and the Petroleum Retail Outlet Owners Association of Nigeria, PETROAN, of selling its commodity higher than other industries, insists that its rates are competitive and in line with international standards.
Dangote Refinery previously announced that it has set its fuel price at 960 Naira per litre for sale into ships and 990 Naira per litre for trucks.
