Dangote Refinery’s Diesel Price Sparks Controversy Among Petrol Marketers
In a surprising turn of events, petrol marketers in Nigeria have complained to President Bola Tinubu that the diesel price of N900 per litre from Dangote Refinery is too cheap and is negatively impacting their businesses. This revelation was made by Devakumar Edwin, Vice President of Dangote Industries Limited, during a Twitter Spaces session.
The Dangote Refinery, which has been producing diesel, aviation fuel, and kerosene, has struggled to sell its products locally, with only 29 tankers of diesel being sold per day. As a result, the refinery has been forced to export most of its diesel and aviation fuel.
Edwin’s statement raises questions about the dynamics of the petroleum industry in Nigeria and the challenges faced by local refineries. Is the low patronage from local importers a sign of a larger issue, or is it a result of market forces at play?
The controversy surrounding the diesel price has sparked a conversation about the role of refineries in Nigeria’s fuel supply and pricing. Will the government intervene to address the concerns of petrol marketers, or will the market dictate the prices? Only time will tell.