Dangote Refinery expresses concerns about a lack of support from petroleum marketers, citing cheap price techniques as a major factor influencing product sales.
During a Twitter Space session hosted by Nairametrics, Devakumar Edwin, Vice President of Dangote Industries Limited, claimed that over 95% of Nigeria’s petroleum product importers do not buy from Dangote Refinery.
He stated that the refinery is struggling to sell approximately 29 diesel tankers daily due to limited demand from local importers.
Edwin explained that, due to low domestic demand, Dangote Refinery exports most of its diesel and aviation fuel.
He also mentioned that petroleum marketers in Nigeria have written to President Bola Tinubu, expressing concerns that the refinery’s local prices, which have dropped from N1,200 to N1,000 and now N900 per litre, are negatively impacting their businesses.
“Over 95 percent of petroleum product importers in Nigeria are not buying from the Dangote Refinery. The Dangote Refinery struggles to sell about 29 tankers of diesel per day due to low patronage from local petroleum products importers.”
“As a result of this poor local patronage, Dangote refinery exports most of its diesel and aviation fuel”.
“Petroleum product marketers in Nigeria have written to President Bola Tinubu to complain that the refinery local prices which have dropped from N1,200 to N1,000 and now N900 per litre are impacting their businesses negatively,” he said.
