The Nationwide Civil Society Council of Nigeria (NCSCN) has referred to as on Dangote Refinery Ltd (DRL) to reveal the amount of Premium Motor Spirit (PMS) it has provided to the Nigerian Nationwide Petroleum Firm Restricted (NNPCL).
The group is demanding transparency concerning the value of the PMS and the refinery’s pricing plans in a deregulated market.
The Govt Director of NCSCN, Amb Blessing Akinsolotu, disclosed this in Abuja, throughout a press briefing, and expressed considerations about DRL’s enterprise practices.
He questioned why the refinery is negotiating with NNPCL, a competitor, to find out PMS costs in a deregulated regime.
Akinsolotu highlighted that Nigerian petroleum entrepreneurs appear to choose buying from NNPCL slightly than instantly from Dangote Refinery, regardless of the potential price financial savings.
Akinsolotu stated: “Why is Dangote Refinery reluctant to promote to different entrepreneurs? And whether it is decided to make NNPCL its sole off-taker, what’s the proposed value?”
The Govt Director recommended NNPCL for resisting any monopolistic tendencies from DRL and urged each events to be clear about their dealings.
He additionally referred to an earlier controversy the place Dangote Refinery initially denied receiving crude oil from NNPCL however later confirmed the sale in {dollars}.
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