Dangote Refinery has stated that its Premium Motor Spirit popularly known as petrol is of the highest quality.
Dangote Refinery appears to be reacting to the allegation against the Nigerian National Petroleum Company Limited (NNPCL) that it is trucking blended and substandard fuel from the revitalized Port Harcourt Refinery in Rivers State.
In a message it posted on its official X handle on Wednesday, Dangote Refinery was advertising its petrol and describing it as high quality and “second to none.”
Dangote Refinery wrote, “High-Quality PMS (Petrol) for your vehicle and engine and also good for the environment. Buy a minimum of 2 million litres at N970 per litre.”
Dangote Refinery had said that the prices for its products are competitive and expressed the belief that anyone getting petrol for lower rates is importing substandard ones.
In a statement by the Group Chief of Branding and Communications of Dangote Refinery, Anthony Chiejina maintained that no refinery could sell cheaper than the N970 is selling, insisting that if it happens, it means that the refinery is colluding with international traders to dump low-quality products into the country.
Meanwhile, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has disclosed that the Port Harcourt Refinery is selling petrol at N1,045 per litre.
This makes it ₦75 more expensive than the ₦970 per litre offered by privately-owned Dangote Refinery.
The PETROAN Public Relations Officer, Dr. Joseph Obele, disclosed this during the official reopening ceremony of the refinery.
This revelation came as the Port Harcourt Refinery resumed operations with a daily production capacity of 60,000 barrels following extensive rehabilitation.
While the refinery’s reopening has been praised as a step toward reducing Nigeria’s dependence on imported fuel, concerns have emerged about the pricing gap.
According to PETROAN, the difference in price places a financial strain on marketers and raises questions about competitive pricing in the downstream sector.
Responding, NNPCL assured stakeholders that it will take steps to address the disparity and ensure fair pricing.
