The Nigerian oil marketers plan to meet with managers at Dangote Petroleum refinery about the sky-rocketed price of AGO (diesel). The marketers are seeking to call for an average reduction in the pump price to about N850/litre.
In support of the marketers, another Nigeria Petroleum Association has called for a drop in the price of the diesel produced by Dangote Petroleum Refinery.
Various Nigerian groups in the oil sector have called for the federal government intervention in the matter at hand.
The group has stated that the excessive logistics cost of transporting the diesel from the refinery to its end location should be considered. Due to the current dollar depreciation against the naira, the marketers stated that some importers sell diesel at a pump price of N1,250/litre.
With this above point, they raised the following: Since the Dangote refinery is located in Nigeria, and there’s no inclusion of importation associated cost, its price should be lower than that of the imported product.
As reported, the Dangote refinery commenced the pumping out of AGO (Diesel) to the marketers on the 27th of March, 2024, and it is being dispensed depending on the purchased volume between N1,225 – N1,300 per litre.
The national PRO of IPMAN, Chief Ukadike, applauded the commencement of the Dangote refinery on dispensing refined products.
Moreover, he urged a reduction in price since the refinery is free from any import-related charges, which is a significant factor in the high cost of diesel.
Furthermore, he mentioned that the marketers would meet with the refinery managers this week to discuss the solution on the ground.
