You don hear am? Dangote Petroleum Refinery don clear air on wetin people dey talk say dem no dey produce petrol. Dem just release 43.3 million litres of Premium Motor Spirit for Nigerian market in one day! E no be small matter!
Officials of the refinery don yan say the amount wey dem load for Saturday, January 3, fit cover more than half of wetin Nigeria dey consume daily. Na so dey counter all those wahala reports wey come say dem don stop production for maintenance. E be like say people dey find who to blame for their wahala!
One oga wey dey work for the $20 billion refinery talk say, “We never stop loading or turn back any truck wey come to load. Yesterday alone, we load 43.30 million litres of petrol.” Na serious matter! Another source from the refinery still talk say they get enough petrol for storage wey go fit supply Nigeria for more than 20 days. So, no need to panic, my people.
But e get one corner wey no dey sweet; even tho dem dey sell petrol for N699 per litre, some depots dey raise their prices to N780, N800, and even N805! All these prices they rise because of rumors say supply no dey. Bad belle no go allow dem rest!
Market data show say Eterna and Integrated depots don jumped their prices to N800, from N726. Aiteo and Lister dey sell for around N780, while Warri don reach N805 per litre! Na serious wahala wey some traders dey exploit to chop money! Dem no wan make sense.
Make we no forget say back in December, Dangote don reduce their price from N828 to N699, wey shock many marketers for the sector. Dis move make dem dey sell below cost price, and dem dey lose plenty money wey fit reach N100 billion every month! Wetin be this?
During one briefing, Dangote Group President talk say dem go make sure say dis new price matter dey work, with MRS Oil dey sell petrol for N739 nationwide. As more MRS stations for Ogun and Lagos dey follow this new price, motorists dey avoid other stations wey dey sell higher, forcing dem to reduce their prices as well.
But no be everybody dey happy with this development. Some marketers dey blame Dangote’s price cut for their losses, saying dem dey try recoup their money by raising depot prices. But refinery officials don talk say no be so; dem still dey operate full blast, and dem dey committed to stabilizing fuel prices.
Even Dangote self don talk say the refinery dey experience losses too, estimated to be around N91 billion every month, since dem cut prices. But he go prefer to lose money than make petrol imports continue to scatter market.
Big people wey sabi dey believe say with Dangote refinery dey pump enough petrol, e go keep pressure for those high depot prices, and no be all dem importers fit push for more increases. As we dey talk now, Nigeria downstream market don get another shake up after Dangote refinery come launch new plan wey go ease pressure for petrol station owners.
Dangote don introduce 10-day credit facility wey go allow registered outlets collect petrol on credit. This new move go change the way fuel distribution dey happen for the country. Na good development be this o!
PETROAN don release data wey show say many new refineries don dey emerge, over 23 of dem, and dem dey set to boost Nigeria’s refining capacity to over 850,000 barrels per day when dem complete. Dis wan wey no be small, it go help reduce reliance on imported petrol.
But make we no forget say for now, Dangote’s refinery still dey the only one wey dey produce Premium Motor Spirit for Naija, and since dem start operation, we don notice say our dependency for import don reduce small. But as the matter be, some marketers don still import plenty fuel too. Naija wonderland!
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