The management of the 650,000 barrel/day Dangote refinery has firmly rejected the assertion made by the independent petroleum marketers association of Nigeria (IPMAN) regarding the pricing of Premium Motor Spirit (PMS) originating from the refinery, refuting claims that it would be set at ₦600/l.
The refinery’s management made it clear that they have no affiliation with IPMAN and are not authorized to represent or speak on their behalf, regardless of the nature of the association, be it positive or with ulterior motives. “We have established official channels through which we communicate our perspectives to our stakeholders,” the statement emphasized.
Alhaji Aliko Dangote, the Chairman of Dangote refinery, had previously announced plans for commencing the distribution of PMS to the local market starting from the second week of August 2024. However, the refinery has been grappling with challenges arising from shortages in crude oil supply, significantly impacting production.
In response to this predicament, the refinery’s management has pointed fingers at a Nigerian government agency, accusing them of deliberately withholding the necessary crude supply essential for optimal refinery operations.
This ongoing struggle highlights the complex dynamics at play in the oil industry, underscoring the critical importance of a consistent and reliable supply chain for seamless refinery operations.
