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Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsWhy Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN (20997 Views)

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Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Islie(op): 10:13am On Sep 25, 2024
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has clarified the reasons independent marketers are unable to purchase petrol directly from Dangote Refinery.

The association’s president, Festas Osifo, at a press conference in Lagos, on Tuesday, said the issue stems from a pricing disparity between the costs at which the Nigerian National Petroleum Company Limited (NNPCL) buys PMS and the prices it sells to independent marketers.

Osifo explained that NNPC may purchase PMS at approximately N950, but sell it to independent marketers at around N700, leading to a significant shortfall that NNPC manages.

He said major marketers would buy directly from Dangote at a price similar to NNPCL’s purchase but would need to sell it at a higher price, potentially over N1,000.

Independent marketers prefer to purchase from NNPCL to take advantage of the lower prices, he said.

Osifo noted that some crude oil has been tied to loan repayments, limiting the available supply for local consumption.

He cautioned that the ongoing trend of divestment by International Oil Companies (IOCs) poses both risks and opportunities for Nigeria, including potential reductions in foreign direct investment and production levels.
https://dailytrust.com/why-independent-marketers-cant-buy-petrol-from-dangote-refinery-pengassan/

Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Lastlive: 10:20am On Sep 25, 2024
There's just too many issues surrounding this refinery
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by saintbillion(m): 10:20am On Sep 25, 2024
Let's teach Peter Obi a lesson grin grin
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Pearlvalue:
Janekennedy:
The conspiracy going on among these people is something else
you can say that again

Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by ATEAMS: 10:21am On Sep 25, 2024
Ole
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Afrowits: 10:21am On Sep 25, 2024
So that means from the above write up, Government will still be paying subsidy. Naija Government and insincerity na 5 & 6.
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by diverseconcepts: 10:21am On Sep 25, 2024
angry
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by omenka1: 10:21am On Sep 25, 2024
So why that useless and nonsense statement of "SUBSIDY IS GONE" when we as a nation is still paying the subsidy. Can we call this deceit or incompetence or what? The more I try to understand this administration, the more I get confused.
From state capture to refinery capture, kudos to APC,
Sorry to the masses.
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by lekkyy: 10:22am On Sep 25, 2024
noted.
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by ayusco85(m): 10:22am On Sep 25, 2024
grin
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by omenka1: 10:22am On Sep 25, 2024
saintbillion:
Let's teach Peter Obi a lesson grin grin
Teacher don't teach me nonsense
This is a scenario where a brilliant student is being taught by a dumb modaf*king amateur teacher.
Chicago graduate my @$$
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Ameboperoo2: 10:22am On Sep 25, 2024
But this is not what Dangote said now. In fact, he said his fuel is cheaper than imported ones.
Who should we believe?
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Treasure17(m): 10:22am On Sep 25, 2024
Another day another drama.
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by CyrusVI(m): 10:22am On Sep 25, 2024
cheesy

So we arent done with this yet

In the end, wetin we con achieve with the Dangote refinery?

PBAT needs to have a keen look at this
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by muhammadmuqtada(m): 10:22am On Sep 25, 2024
This people are criminals and confusionists
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by omenka1:
huh
Janekennedy:
The conspiracy going on among these people is something else
Unfathomable and incomprehensible is the word my brother
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by EreluRoz: 10:22am On Sep 25, 2024
These marketers are one of the biggest problems of Nigeria
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by serverconnect(m): 10:22am On Sep 25, 2024
This FG and Dangote matter has not yeild any progress in the downstream. I am tired and sick.
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by omenka1:
shocked
EreluRoz:
These marketers are one of the biggest problems of Nigeria
Just as you are one of the biggest problems of the male gender
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by MrPOTUS: 10:23am On Sep 25, 2024
lipsrsealed

Shebi una see say Dangote too na thief.

Reason he doesn't want to disclose the price he sold to nnpc.

That's why local refineries should be supported and more prospective investors should be encouraged to go into oil refining.

There should be more competition and his monopoly ideology should be tackled from all angles.
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Anither563: 10:23am On Sep 25, 2024
Thank you for this insight.
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Postinor: 10:23am On Sep 25, 2024
Omo,I am tired of this refinery saga, not that they are even fighting for the benefits of Nigeria sef, rubbish
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Namzy(m): 10:23am On Sep 25, 2024
Becoming ridiculous at this point
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Codes151(m): 10:24am On Sep 25, 2024
Pengassan

The useless clowns
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Apcshyte: 10:24am On Sep 25, 2024
Nigeria felts monry
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Houseontherock1: 10:24am On Sep 25, 2024
The more you listen, the less you understand grin grin
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by mastermaestro(m): 10:24am On Sep 25, 2024
A country in captivity by its own people. grin
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Salewa97: 10:26am On Sep 25, 2024
Toh

The price of petrol is going to drop soon.
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Omalicious1: 10:26am On Sep 25, 2024
Islie:
https://dailytrust.com/why-independent-marketers-cant-buy-petrol-from-dangote-refinery-pengassan/
They shouldn't be mislead by NNPC...they should be wise enough to seek to get directly from Dangite refinery
Re: Why Independent Marketers Can’t Buy Petrol From Dangote Refinery – PENGASSAN by Funkyswagzz(m): 10:26am On Sep 25, 2024
These people are pour confusionist. Nnpc and oil marketers just love importing fuel to make huge gain. These people are clearly looking for ways to boycott dangote refinery completely
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