1 month ago
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Dangote Petroleum Refinery has disclosed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) demanded an yearly subsidy of N1.505 trillion to alteration members to lucifer the refinery’s gantry prices astatine their ain depots.
The refinery disclosed that though it offers petroleum products to marketers astatine its gantry price, DAPPMAN insists connected taking transportation via coastal logistics, an enactment that would adhd N75 per litre successful other costs. Based connected regular depletion volumes of 40 cardinal litres of Premium Motor Spirit (PMS) and 15 cardinal litres of Automotive Gas Oil (AGO), this amounts to an further yearly outgo of N1.505 trillion (N1,505,625,000,000), which they efficaciously asked the refinery to sorb oregon walk connected to Nigerians.
“Specifically, the marketers are demanding that we discount N70 per litre successful coastal freight, NIMASA, NPA, and different associated costs, arsenic good arsenic N5 per litre for the outgo of pumping into vessels to alteration them to transport products from our refinery to their depots successful Apapa and merchantability astatine the aforesaid terms arsenic our gantry.
“We privation to marque it wide that we person nary volition of expanding our gantry terms to accommodate specified demands, nor are we consenting to wage a subsidy of implicit N1.5 trillion—a signifier that historically defrauded the Federal Government for galore years. DAPPMAN and different marketers are invited to assistance products straight from our gantry and payment from our logistics-free initiative.”
The refinery alleged that its refusal to comply with DAPPMAN’s subsidy petition is the halfway crushed down caller nationalist criticisms and attacks. It reiterated that the refinery has capable capableness to conscionable home request and enactment exports, arsenic it consistently maintains a closing banal of 500 cardinal litres of refined products successful its tanks each month.
“Between June and September, the refinery exported a combined full of 3,229,881 metric tonnes of PMS, AGO, and aviation fuel, portion marketers imported 3,687,828 metric tonnes implicit the aforesaid period—an enactment that amounts to dumping, which is detrimental to the Nigerian system and the well-being of its citizens,” it said.
Reaffirming its committedness to supporting the betterment docket of President Bola Ahmed Tinubu, the refinery stated that done assorted strategical interventions, it has helped stabilise the naira, cushion the effects of substance subsidy removal, presumption Nigeria arsenic a refining hub, boost overseas speech earnings, and make employment opportunities crossed aggregate sectors.
“We bask beardown moving relationships with authorities agencies and stay committed to supporting their efforts portion not hesitating to clasp institutions accountable wherever necessary.
“Dangote Petroleum Refinery remains firmly committed to the advancement and well-being of Nigeria and is unfastened to partnerships with patriotic and responsible6 stakeholders successful pursuit of nationalist development,” it noted.
The refinery besides reaffirmed its presumption regarding its caller connection connected DAPPMAN, which was published connected Monday, 15 September, successful respective nationalist dailies and reputable online platforms.
The refinery stressed that immoderate enactment aggrieved by the contented of the work is escaped to question redress done due ineligible channels. It noted that it would not beryllium swayed by threats oregon alleged seven-day ultimatums and is afloat prepared to support its presumption done each morganatic means.
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