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Just in: Dangote Refinery reveals cost of its fuel, says it’s N900
By Kayode Sanni-Arewa
Dangote Refinery has revealed price of its Premium Motor Spirit (PMS), popularly known as petrol, at N990 per litre into trucks.
Dangote Refinery also revealed it sells its petrol at N960 per litre into ships, adding that the price is cheaper than what the Nigerian National Petroleum Company (NNPC) Limited sells to retailers.
Dangote Refinery made the disclosure on Sunday while reacting to recent disclosures made by IPMAN, PETROAN and other petrol retail associations.
According to a statement by Anthony Chiejina, Group Chief Branding and Communications Officer of NNPC Limited, the prices are benchmarked against international prices.
The statement reads: “We had lately refrained from engaging in media fights, but we are constrained to respond to the recent misinformation being circulated by IPMAN, PETROAN, and other associations.
“Both organisations claim that they can import PMS at lower prices than what is being sold by the Dangote Refinery.
“We benchmark our prices against international prices, and we believe our prices are competitive relative to the price of imports.
“If anyone claims they can land PMS at a price cheaper than what we are selling, then they are importing substandard products and conniving with international traders to dump low quality products into the country, without concern for the health of Nigerians or the longevity of their vehicles.
“Unfortunately, the regulator (NMDPRA) does not even have laboratory facilities which can be used to detect substandard products when imported into the country.
“Post deregulation, NNPC set the pace by selling PMS to domestic marketers at N971 per litre for sale into ships and at N990 for sale into trucks.
“This set the benchmark for our pricing, and we have even gone lower to sell at N960 per litre for sale into ships while maintaining N990 per litre for sale into trucks.
“In good faith, and in the interest of the country, we commenced sales at these prices without clarity on the exchange rate that we will use to pay for the crude purchased
“For example, the US and Europe have had to impose high tariffs on EVs and microchips in order to protect their domestic industries.
“While we continue with our determination to provide affordable, good quality, domestically refined petroleum product in Nigeria, we call on the public to disregard the deliberate disinformation being circulated by agents of people who prefer for us to continue to export jobs and import poverty
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PDP leaders, critical stakeholders endorse Hon. Teejay Yusuf for National Chairman
Key political figures and critical stakeholders from the North Central region of the Peoples Democratic Party (PDP) have rallied behind Hon. Tajudeen Yusuf as their preferred candidate for the party’s next National Chairman.
The endorsement comes from the group known as the PDP Conscience Vanguard, who believe Yusuf is the key to uniting and revitalizing the main opposition party
In a statement issued on Thursday in Lokoja, the North Central Coordinator of the group, Isaiah Akoh, emphasized that Hon. Yusuf possesses the experience, leadership qualities, charisma, extensive connections necessary to lead the PDP towards unity and strategic repositioning.
The statement outlined several reasons for their endorsement of Hon. Yusuf, particularly noting that the party’s future success lies in having a chairman from the North Central region.
The group pointed to his extensive political background and ability to bridge gaps within the party, especially in light of the challenges the PDP faces.
“We believe that Hon. Teejay Yusuf is the right candidate at this crucial moment,” the statement reads. “Yusuf is not merely a legislator; he is an experienced statesman with a proven track record. Serving three terms as the representative of Kabba/Bunu/Ijumu Federal Constituency, he has demonstrated exceptional leadership and political acumen.”
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