The Impartial Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN) says petrol bought from the Dangote refinery must be cheaper than the imported product.
John Kekeocha, IPMAN’s nationwide welfare officer, spoke on ‘The Morning Temporary’ programme of Channels Tv on Monday.
Earlier immediately, the Nigerian Nationwide Petroleum Firm (NNPC) Restricted launched the estimated pump value of petrol primarily based on costs set by the Dangote refinery.
Kekeocha, talking on the present, argued that the value shared by the NNPC is “speculative” and is topic to alter.
“The merchandise we’re about to get from Dangote refinery can’t be costlier than the one imported as a result of we’ve a bonus of provide logistics,” he mentioned.
“If the one we’re going to import from overseas goes to be cheaper, then there isn’t a want celebrating Dangote refinery manufacturing. Completely, it’s going to be cheaper than the imported one.”
Kekeocha mentioned the federal government has been intervening within the type of underrecovery, also referred to as subsidy.
He mentioned if the Dangote refinery’s petrol value is N950 per litre with out authorities intervention, “it means underrecovery steadily involves an finish and perhaps, Nigerians would get it cheaper”.
Nonetheless, he sassist the value shared by the NNPC may very well be discounted if petrol subsidy continues.
On September 15, the NNPC commenced petrol lifting on the refinery’s gantry after an prolonged interval of value negotiations.
The event adopted the deployment of a fleet of NNPC’s vans to the refinery on September 14.
On the shut of loading on Sunday, the NNPC had mentioned it purchased petrol from Dangote refinery at N898 per litre.
Nonetheless, the Dangote refinery countered the declare, describing it as “each deceptive and mischievous”.
