We Never Boycotted Dangote’s Petrol, But… — Marketers

Petroleum products marketers have declared that there was never a boycott of Dangote Refinery’s Premium Motor Spirit, PMS, (petrol).

However, Olufemi Adewole, Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, told Vanguard, there was a need to get the modalities right.

Adewole said: “The sector needs to operate transparently in a manner that allows all stakeholders to thrive and contribute significantly to the quest of ensuring availability, reliability and accessibility of petroleum products nationwide.”

Meanwhile, on Friday, the Federal Government disclosed that the supply of petrol from Dangote Refinery will commence tomorrow after both parties reached an agreement on pricing and supply.

Speaking in Abuja, a member of the Presidential Committee on the Sale of Crude Oil and Refined Products, and Chairman of the Federal Inland Revenue Service, Zacch Adedeji said NNPC will remain as the sole off-taker of petrol from the refinery with other marketers getting the product from the national oil company.

In return, he added, NNPC Limited would commence the supply of 385,000 barrels of crude oil to Dangote Refinery on October 1, 2024.

‘There was no boycott’

On the issue of petrol, Adewole, the Executive Secretary of DAPPMAN, said the alleged boycott of Dangote Refinery’s petrol was incorrect.

He explained that petroleum marketers were still awaiting clearance from the government on the modalities regarding the offtake of petrol from the refinery.

Adewole said: “DAPPMAN, as evidenced by patronage of various products from the Dangote Refinery by its members, believes firmly in meeting Nigeria’s energy needs.

“And (DAPPMAN) remains aligned to calls for the nation not to end up in a monopoly, which will only jeopardize our economic growth and development.”

“Offtake will, in keeping with the laws of demand and supply, gravitate towards sources where products can be bought at a lower price, better quality and seamless accessibility,” he stated.

He reassured Nigerians that DAPPMAN would continue to work towards giving the nation top-notch fuel solutions while securing the sustainability of the sector.