The Independent Petroleum Marketers Association of Nigeria (IPMAN) argues that it is illogical for the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol from the Dangote Refinery at a higher price than imported fuel.
IPMAN National Welfare Officer John Kekeocha made this statement during an appearance on Channels Television’s The Morning Brief breakfast program on Monday.
“If NNPC can sell Dangote products higher than the imported products then it doesn’t make sense. What is the celebration we are having all these while then?” he queried.
On Sunday, the NNPCL started loading its initial shipment of petrol from the Dangote Refinery, noting it acquired the fuel at N898 per litre from the private facility.
Prior to this, NNPCL retail outlets in Lagos were selling petrol for approximately N855 per litre. However, the price for Dangote petrol is now N950 per litre in Lagos and N1,019 in Borno.
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