See more as Dangote refinery announces N10 refund for customers, slashes petrol prices

• Dangote Petroleum Refinery is refunding marketers N10 per litre aft merchandise loading, efficaciously reducing the ex-depot petrol price
• The rebate allows marketers to merchantability petrol astatine a little complaint to Nigerians buying from their filling stations nationwide
• The terms accommodation is portion of Dangote’s strategy to predominate the substance marketplace amid ongoing petrol imports

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

Dangote Petroleum Refinery has begun issuing a N10 per litre rebate to lipid marketers who bargain astatine slightest 2 cardinal litres of its Premium Motor Spirit (PMS) oregon petrol from its facility.

The determination efficaciously reduces the ex-depot terms from N835 to N825 per litre.

Dangote sells petrol astatine a little price Photo credit: Bloomberg/contributor
Source: Getty Images

While the refinery’s publically announced ex-depot terms remains astatine N835 per litre, Punch reports that the refund efficaciously brings the outgo down to N825.

A root acquainted with the statement told reporters:

“But marketers are receiving a rebate aft purchase, which allows them to stay competitory connected pricing astatine their retail outlets.”

The discount has enabled downstream marketers buying from the refinery to retail petrol wrong a little terms set of N827 to N830 per litre.

The improvement is acceptable to make much headaches for petrol importers who volition present person to conflict to bushed the caller prices.

Dangote reduces petrol prices

The latest determination successful what industry analysts picture arsenic an assertive pricing strategy by the refinery, which present supplies much than fractional of Nigeria’s petrol market, Petroluemprice reports.

In April, Dangote reduced its ex-depot price doubly successful 1 week, slashing it by N45 from N880 to N835 per litre aft the federal government reinstated a naira-for-crude lipid swap woody with section refiners.

A marketer who doesn't privation to beryllium named said:

“The rebate is Dangote’s mode of offering competitory pricing without triggering an authoritative terms alteration that could ripple done the sector."

Efforts to get a ceremonial effect from Dangote Group spokesperson Anthony Chiejina were unsuccessful astatine the clip of filing this report.

Dangote Refinery slashed petrol prices Photo credit: Bloomberg/contributor
Source: Getty Images

4 casual steps to bargain Dangote petrol

Recently, the Dangote radical announced 4 casual steps to go a petrol distributor successful Nigeria.

• Step 1: Customer sends an email to: [email protected]
• Step 2: Customer receives registration guidelines, a link, and owed diligence forms to complete.
• Step 3: Successful customers volition person a Dangote Refinery registration PIN and a notification for a notarised NDA form.
• Step 4: Customer receives a distributorship assignment missive confirming their registration.

Dangote replies to marketers implicit monopoly claims

Earlier, Legit.ng reported that Dangote Refinery has debunked claims by lipid marketers that it cannot conscionable section substance demand.

The refinery’s officials disclosed that the installation has capable substance to conscionable section demands and for export.

However, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) argued that the 650,000 bpd-capacity refinery cannot conscionable Nigeria’s current, reduced petrol consumption.

DAPPMAN’s Executive Secretary, Olufemi Adewole, said marketers person been importing substance to prolong their operations.

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng