Petrol costs N1,826 in Togo, Dangote denies DAPPMAN’s petrol pricing claims

The Dangote Group has denied a claim by the Depot and


Petroleum Product Marketers Association o f Nigeria that the refinery sells petrol to international traders at a price of N65, which is cheaper than the cost in Nigeria.

DAPPMAN Executive Secretary, Olufemi Adewole, told our correspondent in an interview that members of the group bought Dangote’s petrol from international traders in Lome, Togo, at prices lower than what was offered locally by the refinery.

Adewole said importers had made efforts to buy petrol from the Dangote refinery, but the price was higher, adding that sometimes, it could be better to import the product.

“Dangote sells to international traders at N65 cheaper than what he is selling to us. In some instances, we were able to buy from those people and still bring it to Nigeria,” Adewole said.

But in a statement released on Monday, the management of the Dangote Group described the claims as misleadinThe refinery wondered why the pump price of petrol is N865 in Nigeria, while it is double that price in Tog“It is incorrect to claim that the price of petrol in Togo is lower than in Nigeria. A straightforward check reveals that the average pump price in Lomé stands at approximately 680 CFA francs per litre, equivThis figure reflects the very scenario that DAPPMAN and its affiliates appear to advocate for in Nigeria,” the statement read partly.alent to N1,826.


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