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dangote refinery
Despite the rollout of premium motor spirit (PMS) otherwise known as petrol from the Dangote Refinery, Nigerians have expressed disappointment over the lingering high price of fuel.
They said their hope on the refinery for a reduced fuel price after recent increment of pump price was dashed with the price sold to the Nigerian National Petroleum Company Limited (NNPCL).
However, many Nigerians, who had anticipated a lesser price compared to the present market price of between N855 and N950 were jolted when the NNPCL released a price template for the stock received from the refinery.
By implication, the price of Dangote PMS is over N100 costlier than the existing market price from NNPC retail stations and other major stations.
Many Nigerians who spoke with Daily Trust expressed their concerns over the pricing of petrol from Dangote refinery.
A survey conducted by Daily Trust also indicated that 76 per cent of Nigerians are disappointed over the price of Dangote fuel.
Israel Ibok, a Lagos resident, said his expectation of a reduced fuel price from Dangote has been dashed, wondering why it is so when Dangote refinery sources its crude from Nigeria.
“We thought that the price of petrol would go down and be a bit moderate when Dangote starts selling,” he said.
However, Paul Oyewusi exonerated Dangote refinery for the increase in the price of fuel, citing the country’s unstable economy as a dominant force to determine price.
In Kaduna, Adamu Hassan, a local guard expressed disappointment over the price announced by NNPCL, saying they just don’t want Nigerians to benefit from the local refinery belonging to Dangote.
He questioned why NNPCL cannot allow the Dangote refinery to determine the price of its products and why they insist on buying from the private company.
Read the full and original story on dailytrust.com
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