Foreign firm hires depot to blend substandard petrol in Nigeria — Dangote

Foreign firm hires depot to blend substandard petrol in Nigeria — Dangote

Dangote Petroleum Refinery, yesterday, alleged that an international trading company has hired a depot to blend substandard petroleum products in Nigeria.

The company also said its petrol is cheaper than the one imported into the country by NNPCL.
It said the international trading company plans to mislead unsuspecting local buyers in efforts to compete with its product in the domestic market.

The refinery also called on the government to protect domestic industries to provide jobs and grow the economy.

Group Chief Branding and Communications of Dangote Group, Anthony Chiejina, who raised the alarm in a statement yesterday, said: “An international trading company has recently hired a depot facility next to the Dangote Refinery, to use it to blend sub-standard products that will be dumped into the market to compete with Dangote Refinery’s higher quality production.

“This is detrimental to the growth of domestic refining in Nigeria. We should point out that it is not unusual for countries to protect their domestic industries to provide jobs and grow the economy. For example, the US and Europe have had to impose high tariffs on EVs and microchips to protect their domestic industries.

‘Disregard deliberate disinformation’

“While we continue with our determination to provide affordable, good quality, domestically-refined petroleum products in Nigeria, we call on the public to disregard the deliberate disinformation being circulated by agents of people who prefer for us to continue to export jobs and import poverty.

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“We had lately refrained from engaging in media fights but we are constrained to respond to the recent misinformation being circulated by IPMAN, PETROAN, and other associations.

“Both organisations claim that they can import PMS at lower prices than what is being sold by the Dangote Refinery. We benchmark our prices against international prices and we believe our prices are competitive relative to the price of imports.

“If anyone claims they can land PMS at a price cheaper than what we are selling, then they are importing sub-standard products and conniving with international traders to dump low quality products into the country, without concern for the health of Nigerians or the longevity of their vehicles.