NNPC Under Fire Over Dangote Refinery Petrol Pricing Discrepancy
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The Nigerian National Petroleum Company Limited (NNPC Limited) is facing criticism from the Independent Petroleum Marketers Association of Nigeria (IPMAN) over its pricing of petrol lifted from the Dangote Refinery.
IPMAN National Welfare Officer, John Kekeocha, expressed concerns on Channels Television’s The Morning Brief breakfast programme on Monday, stating that it “doesn’t make sense” for NNPC to sell Dangote Refinery petrol at a higher price than imported ones.
The controversy surrounds NNPC’s claim that it purchased petrol from the Dangote Refinery at N898 per litre, which the refinery has denied as “misleading and mischievous.”
Dangote Refinery’s spokesman, Anthony Chiejina, clarified that the products were sold to NNPC Limited in dollars, resulting in significant savings compared to imported petrol.
NNPC Limited has released a breakdown of its prices at filling stations across the country, ranging from N950 per litre in Lagos to N1,019 per litre in Borno.
The Dangote Refinery, which began operations in December 2023, has a production capacity of 350,000 barrels per day.
IPMAN’s criticism highlights concerns over transparency and fairness in petroleum pricing, sparking debate about the benefits of local refining and its impact on consumers.
The development comes as Nigerians await the full benefits of local refining, with expectations of reduced fuel prices and increased availability.
NNPC’s pricing decision has sparked intense discussion within the petroleum industry, with many calling for greater transparency and accountability.
