The Petroleum Products Retail outlets Owners Association of Nigeria, PETROAN, has accused Dangote Refinery of trying to suppress competitors in the downstream sector.
The accusation follows Dangote Refinery’s claim that anyone landing PMS at a price lower than Dangote Refinery, is importing substandard products.
In a statement on Sunday, the refinery’s spokesperson, Anthony Chiejina, said it sells petrol at N990 per litre in trucks and N960 per litre into ships. It says its pricing is in comparison with the international selling rate at the global market.
The statement by Dangote Refinery came after both PETROAN and the Independent Petroleum Marketers Association of Nigeria, IPMAN, had said that they can buy petrol at rates cheaper than Dangote Refinery.
PETROAN also said it has concluded plans with its foreign refinery counterparts and financial partners to import the best quality of PMS which it said it would sell at prices lower than the present selling rate of PMS in Nigeria.
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