Dangote Petroleum Refinery has accused the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) of demanding an annual subsidy of about N1.505 trillion in order to enable its members to match the refinery’s gantry prices at their depots.
In a statement made available to ITREALMS, the refinery alleged that while it offers petroleum products directly to marketers at its gantry, DAPPMAN insists on taking delivery via coastal logistics—an arrangement that would add an extra N75 per litre in costs.
… Analysts say the initiative will reduce inflation and create jobs
A recent initiative by the Dangote Petroleum Refinery, which includes the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecommunications companies, the aviation sector, and other large-scale users across the country, with free logistics support to enhance the distribution network, has the potential to reduce inflation, create employment opportunities, and lower the prices of petroleum products.
Experts said that the refinery’s decision to deploy 4,000 brand-new Compressed Natural Gas (CNG)-powered tankers could also dismantle the monopoly held by intermediaries and contribute to a cleaner environment.
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