NewStats: 3,264,932 , 8,185,123 topics. Date: Thursday, 12 June 2025 at 08:29 PM 36262y

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has clarified the reasons independent marketers are unable to purchase petrol directly from Dangote Refinery.

The association’s president, Festas Osifo, at a press conference in Lagos, on Tuesday, said the issue stems from a pricing disparity between the costs at which the Nigerian National Petroleum Company Limited (NNPCL) buys PMS and the prices it sells to independent marketers.

Osifo explained that NNPC may purchase PMS at approximately N950, but sell it to independent marketers at around N700, leading to a significant shortfall that NNPC manages.

He said major marketers would buy directly from Dangote at a price similar to NNPCL’s purchase but would need to sell it at a higher price, potentially over N1,000.

Independent marketers prefer to purchase from NNPCL to take advantage of the lower prices, he said.

Osifo noted that some crude oil has been tied to loan repayments, limiting the available supply for local consumption.

He cautioned that the ongoing trend of divestment by International Oil Companies (IOCs) poses both risks and opportunities for Nigeria, including potential reductions in foreign direct investment and production levels.

https://dailytrust.com/why-independent-marketers-cant-buy-petrol-from-dangote-refinery-pengassan/

There's just too many issues surrounding this refinery

Let's teach Peter Obi a lesson

Janekennedy:
The conspiracy going on among these people is something else

you can say that again

Ole

So that means from the above write up, Government will still be paying subsidy. Naija Government and insincerity na 5 & 6.

So why that useless and nonsense statement of "SUBSIDY IS GONE" when we as a nation is still paying the subsidy. Can we call this deceit or incompetence or what? The more I try to understand this istration, the more I get confused.
From state capture to refinery capture, kudos to APC,
Sorry to the masses.

noted.

saintbillion:
Let's teach Peter Obi a lesson

Teacher don't teach me nonsense
This is a scenario where a brilliant student is being taught by a dumb modaf*king amateur teacher.
Chicago graduate my @$$

But this is not what Dangote said now. In fact, he said his fuel is cheaper than imported ones.
Who should we believe?

Another day another drama.

So we arent done with this yet

In the end, wetin we con achieve with the Dangote refinery?

PBAT needs to have a keen look at this

This people are criminals and confusionists

Janekennedy:
The conspiracy going on among these people is something else

Unfathomable and incomprehensible is the word my brother

These marketers are one of the biggest problems of Nigeria

This FG and Dangote matter has not yeild any progress in the downstream. I am tired and sick.

EreluRoz:
These marketers are one of the biggest problems of Nigeria

Just as you are one of the biggest problems of the male gender

Shebi una see say Dangote too na thief.

Reason he doesn't want to disclose the price he sold to nnpc.

That's why local refineries should be ed and more prospective investors should be encouraged to go into oil refining.

There should be more competition and his monopoly ideology should be tackled from all angles.

Thank you for this insight.

Omo,I am tired of this refinery saga, not that they are even fighting for the benefits of Nigeria sef, rubbish

Becoming ridiculous at this point

Pengassan

The useless clowns

Nigeria felts monry

The more you listen, the less you understand

A country in captivity by its own people.

Toh

The price of petrol is going to drop soon.

Islie:


https://dailytrust.com/why-independent-marketers-cant-buy-petrol-from-dangote-refinery-pengassan/

They shouldn't be mislead by NNPC...they should be wise enough to seek to get directly from Dangite refinery

These people are pour confusionist. Nnpc and oil marketers just love importing fuel to make huge gain. These people are clearly looking for ways to boycott dangote refinery completely