“But the conditions must be right. For example, the issue of price. As IPMAN, Dangote is supposed to have invited us for engagement,” Mr Suleiman said.
Floodwaters of Famine: Maiduguri deluge exacerbates Nigeria’s food crisisIreti Kingibe’s claims on first-year constituency projects in FCT had more flaws than factsBlood on UniformsFloodwaters of Famine: Maiduguri deluge exacerbates Nigeria’s food crisisIreti Kingibe’s claims on first-year constituency projects in FCT had more flaws than factsThe Independent Petroleum Marketers Association of Nigeria on Friday called on Dangote Refinery to engage stakeholders and review its pricing strategy.
“Like last week, Dangote’s price is higher than other places. Because if you can go by the price, the international price of crude has already started coming down. If I could remember, as of last week, he gave N995 per litre, and you have to bring your cargo and load. He further explained that the association regulates and advises its members on which depots to source products from, considering pricing and profitability.
On Tuesday, Aliko Dangote, founder and president/chief executive of the Dangote Group, said his refinery has more than 500 million litres of petrol in stock, but marketers have not been picking up the product. Mr Dangote did not say for how long the 500 million litres of petrol had been refined and stored by his 650,000 barrels per day refinery.
On Thursday, Dangote Refinery said it has not received any payments for the purchase of refined petroleum products from the IPMAN. The company made this known in reaction to a claim by the marketers that they were unable to load petrol from the refinery for days.
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