Dangote Refinery Denies Preferential Pricing Allegations
- Dangote Refinery sells products at ₦699 ex-gate to all marketers.
- Nigeria's downstream market is fully deregulated.
- The refinery produces 50 million litres of fuel daily.
- Demand volatility is influenced by pricing changes and currency devaluation.
Equal Pricing Assurance
Dangote Refinery Plc has clarified that its pricing structure does not favor any specific marketer, including MRS Oil Nigeria Plc. All marketers purchase products at ₦699 ex-gate, ensuring no preferential treatment.
Market Deregulation
The downstream petroleum market in Nigeria is fully deregulated, allowing marketers to set their own retail prices based on individual cost structures and strategies. Consumers have the freedom to choose where to buy fuel based on various factors such as convenience and brand loyalty.
Production Capacity
The refinery currently produces about 50 million litres of fuel daily, which is sufficient to meet Nigeria's demand despite fluctuations caused by pricing changes and currency devaluation. The refinery is prepared to handle potential demand growth over the next three years.
Operational Stability
Despite rumors, the refinery continues to operate without disruptions, consistently delivering 50 million litres daily. Marketers have been able to lift required volumes whenever necessary, ensuring a stable supply of fuel to the market.
Source: Dangote