Marketing experts require N1.5TRN subsidies to combine the price of the refinery stand …

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The Petroleum refinery of Dangote revealed that the deposite and oil of Nigeria marketing (Dappman) have requested an annual subsidy of N1.505 trillion of N1,505 to allow members to combine the prices of the refinery stand with their deposits.

The refinery revealed that although it offered oil products to marketing experts at its gantry price, Dappman insisted on taking delivery via coastal logistics, an option that would have added N75 per liter in additional costs.

On the basis of the daily consumption volumes of 40 million liters of Premium motor spirit (PMS) and 15 million liters of automotive gas oil (needle), this is equivalent to an additional annual cost of N1,505 trillion (n1,505,625,000,000), which have actually asked the refinery to absorb or transmit to the Nigerians.

“In particular, marketing experts ask that discounts N70/liter in coastal goods, Nimasa, NPA and other associated costs, as well as N5/liter for the cost of pumping in ships to allow them to transport products from our refinery to their deposits in Apapa and sell at the same price as our stand.

“We want to clarify that we have no intention of increasing our stand price to satisfy these requests, nor are we willing to pay a subsidy of over n1.5 trillion, a practice that historically has frozen the federal government for many years.

“Dappman and other marketing experts are invited to lift the products directly from our stand and benefit from our initiative without logistics”

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The refinery said that its refusal to respect the request for a subsidy of Dappman was the fundamental reason at the basis of recent criticisms and public attacks.

He reiterated that the refinery had sufficient ability to satisfy internal demand and support exports as it constantly maintained a closing stock of 500 million liters of refined products in its tanks every month.

“Between June and September, the refinery exported a total combined of 3,229,881 tons of PMS, Fa, and fuel for the aviation, while marketing experts imported 3,687,828 tons in the same period, an action that is equivalent to dumping, which is harmful to the economy Nigeria and the well -being of its citizens”, said.

By reducing his commitment to support the reform agenda of President Bola Ahmed Tinubu, the refinery said that through various strategic interventions, he helped stabilize the Naira, to deal with the effects of removing the subsidy for fuel, positioning Nigeria as a refining hub, impulse for profit profits and creating use opportunities through multiple sectors.

“We enjoy strong work relationships with government agencies and we are committed to supporting their efforts not by hesitates to make the institutions responsible where necessary.

“Petroleum refinery of Dangote remains firmly engaged in the progress and well -being of Nigeria and is open to partnerships with parties interested patriotic and responsible in pursuing national development,” he observed.

The refinery also reiterated its position regarding its recent declaration on the Dappman, which was published on Monday 15 September, in various national newspapers and reliable online platforms.

The refinery stressed that any part encouraged by the content of the publication is free to seek compensation through adequate legal channels. He observed that he would not have been influenced by seven -day threats or so -called ultimatums and is fully prepared to defend his position through all legitimate means.

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