₦airaland Forum

The Dangote Group has denied allegations by the Depot and Petroleum Product Marketers Association of Nigeria that its refinery sells petrol to international traders at cheaper rates than those offered to Nigerian marketers.

DAPPMAN’s Executive Secretary, Olufemi Adewole, had alleged in an interview that members of the group purchased Dangote’s petrol through international traders in Lome, Togo, at prices N65 lower than what the refinery sells directly in Nigeria.

According to him, attempts by local marketers to buy petrol directly from the Dangote refinery had proved costlier, sometimes making it more viable to import the product from abroad.

“Dangote sells to international traders at N65 cheaper than what he is selling to us. In some instances, we were able to buy from those people and still bring it to Nigeria,” Adewole claimed.

Dangote responds


Reacting in a statement on Monday, the Dangote Group described the claims as “misleading and inaccurate.” The refinery questioned why Nigeria’s petrol pump price is N865 per litre, while in Togo, the cost is more than double that figure.

“It is incorrect to claim that the price of petrol in Togo is lower than in Nigeria. A straightforward check reveals that the average pump price in Lomé stands at approximately 680 CFA francs per litre, equivalent to N1,826. This figure reflects the very scenario that DAPPMAN and its affiliates appear to advocate for in Nigeria,” the statement said.

The company insisted that its refinery had positioned Nigeria as the primary source of affordable petrol feedstock for West Africa, even though it imports more than 60 per cent of the crude oil it processes.

Dangote further accused some marketers of engaging in round-tripping practices—buying petrol produced in Nigeria, routing it through Togo, and then re-importing it into Nigeria at inflated prices.


“It is increasingly evident that DAPPMAN and some of its members are disproportionately focused on the importation of refined products, even admitting to round-tripping. What, then, is the business rationale behind this practice, especially when considering the substantial additional cost of transporting petroleum products from Lomé to Lagos, costs that run into billions of naira?” the statement queried.

The refinery argued that if the marketers’ true objective was to serve the Nigerian domestic market, they should have partnered directly with the Dangote refinery.

According to the group, local partners of the refinery already enjoy a range of benefits, including volume-based discounts, credit facilities, and logistics support, all of which help ensure affordability and availability of petroleum products across Nigeria.

“If their true intention is to serve the Nigerian domestic market, why not join the growing list of local partners of the Dangote refinery? These partners, in addition to receiving high-quality products, benefit from incentives designed to enhance local availability at a recommended rate agreed by all parties,” it said.

Dangote also clarified that there are pricing differences depending on the point of purchase—Single Point Mooring facilities or the gantry. While smuggling through the SPM is relatively easier, transporting products via land borders is more complicated and riskier, the company said.


The group added that for some operators, the fuel business in Nigeria has never truly been about supplying domestic consumers. Instead, it has become about arbitrage opportunities, where products are diverted to markets in the sub-region where prices are significantly higher.

“The reality is that for some operators, the business has never truly been about delivering petroleum products to Nigerian consumers. Instead, it revolves around arbitrage opportunities, where they can easily triple the value of products by diverting them to more lucrative markets in the sub-region,” Dangote stated.

The ongoing dispute highlights tensions between Nigeria’s largest private refinery and petroleum marketers, amid efforts by the government and industry to stabilise fuel prices. While DAPPMAN insists that Nigerian marketers are disadvantaged in pricing, Dangote maintains that its operations have positioned Nigeria as the most affordable fuel hub in West Africa.

As the standoff continues, industry stakeholders warn that resolving these differences will be critical to ensuring a steady fuel supply, protecting consumers, and achieving energy security in Africa’s largest oil-producing nation.

Source: https://punchng.com/dangote-refutes-claims-of-cheaper-petrol-sales-in-togo

Refute every time. Nigeria no stable at all in term of leadership

FTC on Tuesday morning. God bless Nigerians

A lot is being done to sabotage this Dangote. Now not sure which of the evil to back- the rot in NNPC vs the monopolistic tendencies of Dangote

Make everybody just getat... Mtcheww...

More xterzsss

But how is it possible to sell your products less in other countries that you will need to ship it to, than your country u producing it?

8686:
A lot is being done to sabotage this Dangote. Now not sure which of the evil to back- the rot in NNPC vs the monopolistic tendencies of Dangote

Both are now the problem

We all saw what the monopolistic tendencies did to cement industry

“It is incorrect to claim that the price of petrol in Togo is lower than in Nigeria. A straightforward check reveals that the average pump price in Lomé stands at approximately 680 CFA francs per litre, equivalent to N1,826. This figure reflects the very scenario that DAPPMAN and its affiliates appear to advocate for in Nigeria,” the statement said."


Something is wrong with DAPPMAN and their supporters.

Why do they hate anything that will bring reliefs to Nigerians

What's wrong with these people

You have lived far, when everything was in comatose in oil and gas ...it can't be so forever. If the business environment is too hot for you now,leave and start selling Palm Oil....Oil na Oil

Cabal in oil industries are in levels and stages. From crude oil, to nnpc, to pengassan, nupeng and major and independent marketers.

While dangote was supported with millions of dollars and tax relief while constructing the refinery others granted approval as well were neglected. That move is suspicious.

If one or two others refinery had been assisted like dangote, monopolistic tendency would have been eliminated.

We would not have been where we are today if the past government has compelled all foreign oil companies to have a refinery instead of relying on nnpc supply.

The industry need total liberation and more refinery is the answer.

Why won't he refute it.

Words from the streets says TOGO is where the father of our president comes from.

That is why you can never see childhood pictures, primary and secondary school pictures and family members pictures of him.

Dude was born and raised in TOGO.

He only came to Iragbiji (his mother's hometown) in his early 20s..........
Make I stop here

adenigga:
Source: https://punchng.com/dangote-refutes-claims-of-cheaper-petrol-sales-in-togo

we knew it was all lies

22 more characters needed

kingbee90:
Why won't he refute it.

Words from the streets says TOGO is where the father of our president comes from.

That is why you can never see childhood pictures, primary and secondary school pictures and family members pictures of him.

Dude was born and raised in TOGO.

He only came to Iragbiji (his mother's hometown) in his early 20s..........
Make I stop here

We need to substantiate this info, because I see it as facts. Indeed Nigerians are ruled by strangers

And a whole Femi Falana was smiling sheepishly on TV analyzing lies. SAN my foot

Let that what ever group build their own refinenary,and stop disturbing us,Wata Bam Bam

princeade86:
But how is it possible to sell your products less in other countries that you will need to ship it to, than your country u producing it?

Togo is closer to Lagos than Borno..
You gerriit now

Femi Falana is talking without any knowledge of the petroleum market.
All his criticism of this government is because he wasn't appointed as the AGF.

Despite this straightforward points, some people will still not believe. Those that has perpetual swore not to see anything good come out of this country.
As at today, petrol price in Lome is more than doubled the price in Lagos

lol…dangote don spoil the lives of those ọmọ ale marketers…dem must run out of business

There's a standard cost for refining PMS globally, it will be difficult for Dangote to arbitrarily increase the price.

adenigga:
Source: https://punchng.com/dangote-refutes-claims-of-cheaper-petrol-sales-in-togo

all this lie is to downgrade Dangote every body is fighting him

Even if dangote sells petrol to Libya for 50 naira per liter, is it any ones business?
Na u dey at loss?
What's wrong with u people, it's his business, he can give it out for free

Ofunaofu:
Both are now the problem

We all saw what the monopolistic tendencies did to cement industry

Explain further please, we have different cement manufacturers but with the same price.

Let us leave Dangote out of this lblame game and face out useless president and corrupt NNPC officials for not fixing the refineries after two years that the man yeye president has been in office. You removed fuel subsidy without any tangible plan to make our refineries working now we are at the mercy of Dangote to get cheap fuel. He no go ever better for all APC supporters and their balablu for Aso rock.

olaolaking:
And a whole Femi Falana was smiling sheepishly on TV analyzing lies. SAN my foot

Who still takes that Falana serious? He’s gone full retard

Everybody go refutes claims, even Chicago boy if them ask am how em snatch and grab country is going, say them hear say citizens are chopping statistics instead of actual food, even Chicago boy himself go refutes the claims

princeade86:
Refute every time. Nigeria no stable at all in term of leadership

FTC on Tuesday morning. God bless Nigerians

What's the correlation?

You rushed to reply and never bothered to read what you're replying to. That doesn't paint a picture of you being intelligent.

Many questions remain unanswered regarding the fraudulent subsidy regime, which has consistently had a negative impact on the country to date.
Someone should enlighten me;
The so-called subsidy removal took place as soon as this government came to power. As soon as the removal was announced on May 29, 2023, people were forced to buy already subsidized products at exorbitant prices. The pump price of PMS increased from 142 naira to approximately 540-560 naira, depending on the case. When the Dangote refinery was commissioned, the price was readjusted to approximately 1,000 naira per liter.
My question is: what was the logic behind this significant adjustment, when the price was approximately 500 naira after the subsidy removal? Nigerians need to know why we are paying this exorbitant price for fuel that is produced solely from crude oil, which the country is rich in.

Some people want to die on this matter.....the bitter leaf in their blood no go let them see reason.

Make them show us pictures of their ancestors make we see who them be........

Na lie.....

Cry from now till thy kingdom come.....4 x 4.....

E don go!

kingbee90:
Why won't he refute it.

Words from the streets says TOGO is where the father of our president comes from.

That is why you can never see childhood pictures, primary and secondary school pictures and family members pictures of him.

Dude was born and raised in TOGO.

He only came to Iragbiji (his mother's hometown) in his early 20s..........
Make I stop here

NUPENG looking for ways to discredit Dangote but God pass them.
NUPENG should face their usual customer NNPC

DAPPMAN, NUPENG and there likes are anti-people. They are the agencies or cabals inflicting pain on Nigerians.

DANGOTE refinery didn't stop them from importing. If they can get quality PMS from elsewhere then go ahead and call DANGOTE bluff.

DANGOTE is a risk the people are willing to take since the alternative will stifle the people more.

8686:
A lot is being done to sabotage this Dangote. Now not sure which of the evil to back- the rot in NNPC vs the monopolistic tendencies of Dangote

How is Dangote monopolistic in this refinery matter? Has he said that other people should not build their own refineries if they want to?
Refinery business is not like building filling stations or buying tankers to distribute petrol. It is a business that requires very huge capital investment and not many people can afford to take the risk and go into it.
It is not Dangote that made it that way.