Following the momentary suspension of petroleum product gross sales in naira by Dangote Petroleum Refinery, the Arewa Youth Meeting has referred to as on Dangote Petroleum Refinery to reveal the precise price of manufacturing a litre of Premium Motor Spirit (PMS).
The group said that the transfer by Dangote to halt the provision of petroleum merchandise in naira vindicates their earlier considerations that the refinery is participating in misleading practices.
The group, in a press release signed by its Speaker, Mohammed Salihu Danlami, on Thursday, alleged that the Dangote refinery had beforehand criticised different entrepreneurs for buying crude in {dollars} whereas claiming to purchase in naira, solely to now align with the identical dollar-based transactions.
In line with Danlami, Dangote’s claims of providing cheaper gasoline have been deceptive, as some impartial entrepreneurs had offered at decrease costs.
He urged regulatory companies to make sure that the refinery operates in a fashion that prioritises nationwide curiosity over personal revenue.
The assertion stated: “Now that Dangote Refinery has suspended gross sales in naira, we problem the corporate to be clear and disclose the precise price of manufacturing a litre of PMS. The actual competitors begins now, as Dangote, similar to the entrepreneurs he as soon as criticized, is now working with dollar-based transactions. Nigerians deserve accountability and readability.
“Moreover, we accuse Dangote of manipulating the federal government right into a deal that’s detrimental to financial progress.
“His latest try and create synthetic shortage was solely prevented by the federal government’s resolution to permit entrepreneurs to import merchandise. With out this intervention, Nigeria might have confronted a gasoline disaster much like that in Niger Republic.
“The nation has had sufficient of Dangote’s self-promotion and deceptive claims of providing cheaper merchandise whereas concurrently criticising different importers who, in some circumstances, offered at decrease costs than him. That is nothing however a calculated technique to maximise income on the expense of strange Nigerians.
“We urge Nigerians to withstand being misled and exploited by Dangote Refinery and its associates. Moreover, we name on the nation’s petroleum regulatory our bodies to carry Dangote Refinery accountable and make sure that it operates in a fashion that prioritises the pursuits of Nigerians above personal income.”
