- It’s in line with our commitment of ensuring products availability nationwide
- We didn’t ask for Dangote’s PMS for lack of clarity around its availability
Petroleum Marketers said they lifted 518,500 metric tons of Automotive Gas Oil (AGO) and Jet A1 from Dangote Refinery, representing 60 per cent of national truck-out in five months, contrary to speculations that local Petroleum Marketers were probably not ready for Dangote’s petroleum products.
Documents sourced from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) the report had indicated showed that marketers, among whom were, Asharami, MRS Oil and Gas, AA Rano, Rainoil, Prudent, NIPCO, Aym Shafa and Danmarna, bought products from Dangote refinery in the last few months, a development the marketers said was only an attempt at reinforcing their commitment to ensuring seamless access to petroleum products across the nation.
Analysis of transaction from the group according to a release forwarded to Energy Window International by email, had shown that between April and September, Marketers lifted 489,500 MT of AGO and 29, 000 MT of Jet A1 distributed across various Nigerian ports, with 17 AGO shipments to Lagos, 6 to Warri, 2 to Port Harcourt, and 1 to Calabar. All three Jet A1 shipments were discharged in Lagos.
The marketers however said the lack of clarity around the availability or otherwise of the company’s PMS did not only pose a stumbling block, it also made purchase of the product, and patronage to Dangote refinery impossible, thereby impacting negatively the local market.
According to Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) Olufemi Adewole, the sector must operate transparently, and in a manner that gives all stakeholders the opportunity to thrive towards contributing, and significantly too, towards ensuring that products were always available, reliable and accessible, in every nook and cranny of Nigeria.
Adewole said the alleged boycott of Dangote Refinery’s PMS was incorrect as petroleum marketers were still awaiting clearance from the government on the modalities for trading engagement.
“DAPPMAN as evidenced by patronage of various products from the Dangote Refinery by its members believes firmly in meeting Nigeria’s energy needs, and remains aligned to calls for the nation not to end up in a monopoly, which will only jeopardize our economic growth and development,” he said.
Adewole noted that DAPPMAN and other marketers have consistently stated that the trading of petroleum products globally rested on the critical issues of price and quality. “Offtake, in keeping with the laws of demand and supply, will always gravitate towards sources where products could be bought, not only at a lower price, but also be of a better quality, and seamlessly accessibility,” he stated.
He reassured Nigerians that DAPPMAN would continue to work assiduously towards giving the nation top-notch fuel solutions, whilst securing the sustainability of the sector.