On Sunday, Dangote Petroleum Refinery said that a foreign trade corporation had rented a facility in Nigeria to mix inferior petroleum products.

According to the refinery, the foreign trading business intends to deceive unwary local purchasers in an attempt to outbid the refinery in the domestic market.

In order to create employment and boost the economy, the refinery also urged the government to defend homegrown businesses.

“At the same time, an international trading company has recently hired a depot facility next to the Dangote Refinery, with the objective of using it to blend substandard products that will be dumped into the market to compete with Dangote Refinery’s higher quality production,” said Anthony Chiejina, Group Chief Branding and Communications, in a statement.

“This is harmful to Nigeria’s domestic refining industry’s expansion.” It should be noted that nations frequently defend their own sectors in an effort to create jobs and boost their economies. For instance, in order to safeguard their home sectors, the US and Europe have been forced to slap hefty tariffs on microchips and EVs.

We urge the public to ignore the purposeful misinformation being spread by those who would rather that we keep exporting employment and importing poverty, even as we remain committed to provide Nigeria with reasonably priced, high-quality, locally processed petroleum products.

Additionally, he stated: “We have not been involved in media battles recently, but we are compelled to address the recent false information that IPMAN, PETROAN, and other organisations have been spreading.”

According to both groups, they can import PMS for less money than the Dangote Refinery sells it for. We compare our pricing to those of other countries, and we think our rates are reasonable when compared to import costs. If someone says they can get PMS for less than we do, they are bringing in inferior goods and working with foreign dealers to sneak low-quality goods into Nigeria with little regard for the health of Nigerians or the durability of their cars.

Regulator NMDPRA regrettably lacks laboratory facilities that may be utilised to identify inferior items when they are imported into the nation.

By supplying PMS to domestic marketers at N971 per litre for sale into ships and N990 for sale into trucks, NNPC set the standard after deregulation. Our pricing was established by this, and we have since lowered it to N960 per litre for sale to ships and N990 per litre for sale to trucks.

We began selling at these rates in good faith and for the sake of the nation, even though we were unsure of the currency rate we would use to pay for the petroleum we had bought.