BREAKING: Nigerians attack Dangote refinery

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Dangote Refinery has been under fire from Nigerians for not disclosing the pricing of their Premium Motor Spirit (Petrol) months after it started distributing fuel.

This comes after Dangote Group refuted accusations made by petroleum merchants that Dangote PMS is priced between N1,115 and N1,028 per litre on Saturday via its official X account.

In an interview with Arise Television on Friday, Yakubu Suleiman, National Assistant Secretary of the Independent Petroleum Marketers Association of Nigeria, stated that Dangote Petrol was more expensive than other suppliers.

According to Suleiman, a litre of Dangote gasoline costs between N1,115 and N1,028.

Dangote, however, called the assertions made by petrol marketers “fake news.”

Nigerians have responded by calling for openness and transparency on the refinery’s fuel pricing model.

Nigerians on X responded on Saturday by urging Dangote Refinery to disclose its fuel pricing instead of continuing to operate in secret.

@Olurunwababs: “It is laughable to debunk a claim as fake, then refuse to disclose how much it is to buy from Dangote Refinery!

“Dangote Refinery should be transparent about its fuel price.

“What DR needs to do is tell us how much they sell fuel. That way, we will have a full picture of what is going on!”

@Abdul_A_Bello: “Just tell us how much you are selling from your depot.”.

@Abbaaudu: “Dangote’s reluctance to publicly disclose the price of his petroleum products raises questions. If his refinery produces at a lower cost, why not transparently announce prices to attract local buyers and reduce imports? The secrecy fuels speculation about potential market dominance or unseen factors at play.

“Just tell us the price! A simple and straightforward question, he wrote on his X account.”

When Dangote Petrol was lifted on September 15, 2024, the Nigerian National Petroleum Company Limited revealed that it purchased fuel at the 650,000 barrels per day refinery in Lagos for N898 per litre. Dangote denied the claim, but it did not provide the precise amount.

In light of the ongoing increases in petrol prices over the past several months, Nigerians are finding it difficult to purchase petrol at prices ranging from N1025 to N1300 per litre across the country.

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