The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has refuted allegations that its members requested an annual subsidy of N1.5 trillion from the Dangote Petroleum Refinery. According to Dangote Refinery, DAPPMAN allegedly made this demand to enable its members to match the refinery’s gantry prices at their own depots.
DAPPMAN’s spokesperson, Nkem Ohia, appeared on Channels Television’s ‘Sunrise Daily’ program, where he stated that the association was unaware of how the refinery arrived at the figure. Ohia emphasized that DAPPMAN is not seeking a N1.5 trillion subsidy, describing the allegation as “completely ridiculous.” He explained that the association is engaged in negotiations with Dangote Refinery to bridge the pricing gap.
The dispute between DAPPMAN and Dangote Refinery centers on the pricing of petroleum products. DAPPMAN members are seeking to negotiate a price that would allow them to compete with the refinery’s prices. Ohia reiterated that the association’s goal is to reach a mutually beneficial agreement, rather than seeking a subsidy.
The denial by DAPPMAN highlights the ongoing discussions between the association and Dangote Refinery. As the negotiations continue, it remains to be seen whether the parties will reach a consensus on the pricing of petroleum products. The outcome of these talks may have significant implications for the Nigerian petroleum industry, as well as consumers who rely on these products.
In the context of Nigeria’s petroleum sector, the negotiations between DAPPMAN and Dangote Refinery are crucial. The country’s petroleum industry has faced challenges in recent years, including issues related to pricing, subsidies, and refining capacity. As the industry continues to evolve, the ability of stakeholders to negotiate and reach agreements will be essential for ensuring a stable and competitive market.
The refutation by DAPPMAN of the allegations made by Dangote Refinery serves as a reminder of the importance of clear communication and accurate information in the petroleum sector. As the situation develops, it is likely that further updates will emerge, providing greater clarity on the negotiations and their potential outcomes.
