The Dangote Group has introduced a discount within the value of its Premium Motor Spirit (PMS) to N970 per liter.
This was disclosed in a press release issued by Anthony Chiejina, the Group’s Chief Branding and Communications Officer, on Sunday.
Chiejina said that the refinery has lowered its petrol value for entrepreneurs from N990 to N970 per liter, offering them with a N20 low cost per liter.
Moreover, he emphasised that regardless of the worth discount, the standard of the corporate’s merchandise stays uncompromised.
What Dangote Refinery is Saying
The assertion relating to the worth adjustment reads:
“Dangote Petroleum Refinery has effected a discount within the prevailing value of its Premium Motor Spirit (PMS) from N990/litre to N970/litre for the entrepreneurs.
“Because the 12 months involves an finish, that is our approach of appreciating the great folks of Nigeria for his or her unwavering help in making the Refinery a dream come true. As well as, that is to thank the federal government for his or her help as this can complement the measures put in place to encourage home enterprise for our collective well-being.
“Whereas the refinery wouldn’t compromise on the standard of its petroleum merchandise, we guarantee you of highest quality merchandise which are environmentally pleasant and sustainable.
“We’re decided to maintain ramping up manufacturing to fulfill and surpass our home gasoline consumption; thus, dispelling any concern of a shortfall in provide.”
What it’s best to know
The current value discount by Dangote Refinery to N970 per liter comes at a time of heightened pressure between the refinery and a few entrepreneurs over petrol pricing.
- The Petroleum Merchandise Retail Shops House owners Affiliation of Nigeria (PETROAN) has accused the refinery of promoting petrol at a premium value, arguing that importing petrol might be achieved at a less expensive value.
- PETROAN reacted to the pricing from Dangote refinery, describing the N990 value as thoughtless. Joseph Obele, PETROAN’s Nationwide Public Relations Officer, additionally emphasised the necessity for competitors within the sector to forestall exploitation and profiteering.
- Obele additionally refuted allegations from Dangote Refinery that PETROAN intends to import substandard merchandise at a lower cost, noting that such claims have been anticipated.
- He added that PETROAN has finalized preparations with its international refinery companions and monetary backers to import high-quality PMS and promote it at a a lot decrease price than what’s at present accessible in Nigeria.
Nevertheless, Dangote denied these claims, sustaining that considerably decrease costs could level to compromised product high quality or oil theft.
In the meantime, the Unbiased Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN) has reached an settlement with Dangote Refinery to raise petroleum merchandise straight from its facility.
The worth discount is seen as a strategic transfer to handle issues and strengthen relationships with entrepreneurs.
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