Dangote Refinery has accused the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) of seeking an annual subsidy of N1.505 trillion to enable their members to match depot prices with the refinery’s gantry prices.
In a statement, the refinery explained that the figure was based on Nigeria’s daily consumption of 40 million litres of Premium Motor Spirit (PMS) and 15 million litres of Automotive Gas Oil (AGO).
According to the management, the marketers requested a discount of N70 per litre on coastal freight, NIMASA, NPA, and related charges, as well as an additional N5 per litre for pumping products into vessels for transportation to depots in Apapa.
Dangote Refinery, however, insisted it would not raise gantry prices or absorb the cost, stressing that it would not reintroduce a subsidy system that previously cost Nigeria trillions of naira. The company urged marketers to instead lift products directly from its gantry to benefit from its logistics-free initiative.
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 of seeking an annual subsidy of N1.505 trillion to enable their members to match depot prices with the refinery’s gantry prices.){kind=link}
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