The Independent Petroleum Marketers Association of Nigeria, IPMAN, says the price of fuel from Dangote Refinery, as of last week, was higher than in other places.
IPMAN said members must go where the price is lower and where they get profit, adding that they have to pity Nigerians.
EDITOR’S PICKS
- BBNaija: It Was All Part of the Game – Kassia Apologies to Toby Forge
- Has Protest Lost Its Potency In Nigeria?
- ‘PDP Is dead, APC Has Finished Nigeria’ –Kwankwaso
The National Assistant Secretary of IPMAN, Yakubu Suleiman, stated this on Friday while fielding questions on Arise Television’s Morning Show programme.
Suleiman argued that prices of petroleum products are determined by international pricing, insisting that Dangote is supposed to be disclosing the amount he’s going to sell his product.
He said: “Prices are determined by international pricing. Dangote is supposed to be saying like every day ‘this is the price I’m going to sell this product’.
“But he cannot be able to do that unless he (Dangote ) engages the stakeholders. And you cannot just say okay, we must only buy in his own depot. IPMAN cannot just sit down and say ‘we will tell our members, all of you go to Dangote Refinery and buy your product and load’. We can not just do that. This is a deregulated system.
“We have to source where products are much cheaper. Then we would inform our members to go and load product in any depot that the product is cheaper.
“If Dangote has a product and is selling N1000, let assume, and there are other places that are sending N900. We can’t just say because for the sake we are doing business with Dangote, ‘okay go and do it’. It’s not profitable to us. We must go where the price is lower; where we get profit. That is it.
“We are in a deregulated economy but Dangote is like trying to monopolize the whole issue. Fine. Let us know if there is monopoly in the whole system. But we believe that it’s now deregulation.
FURTHER READING
- ‘PDP Is dead, APC Has Finished Nigeria’ –Kwankwaso
- Arsenal Beat PSG To Get First Champions League Win
- Has Protest Lost Its Potency In Nigeria?
“Like last week, Dangote’s price is higher than other places. Because if you can go by the price, the international price, crude has already started coming down.
“If I could remember, as of last week, he gave N995 per litre, and you have to bring your cargo and load. How much will you pay the cargo? How much will be the other charges to your depot? And how much will go to the depot? And we expect independent marketers to go and sell it. Can we go and sell… look at we have to pity Nigerians.”
Click here to watch our video of the week
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
