Dangote Petroleum Refinery don warn say if Nigeria continue to rely on coastal logistics to move petrol around the country, pump price fit increase well-well.
Dangote Petroleum Refinery don warn say if Nigeria continue to rely on coastal logistics to move petrol around the country, pump price fit increase well-well. According to the refinery, the extra cost wey dey come with coastal shipping fit pass go consumers, and this fit push petrol price close to ₦1,000 per litre. For statement wey dem release on Thursday for their official X handle, the refinery talk say coastal shipping get plenty extra charges wey no really benefit end users. Dem include port charges, maritime levies, and other costs wey concern vessels. Dangote say coastal logistics fit add about ₦75 per litre to the cost of petrol. If wholesalers and retailers transfer this extra cost to motorists, petrol price fit near ₦1,000 per litre, which go be big jump from current pump prices. The refinery explain say gantry loading system still be the most cost-effective way to move fuel. With 91 loading bays wey fit handle up to 2,900 tankers daily, the refinery fit dispatch over 50 million litres of petrol and 14 million litres of diesel every day from Lagos, without all the extra expenses wey come with marine transport. Dangote Refinery also talk about the wider impact of depending too much on coastal logistics. Based on Nigeria average daily fuel consumption, the company say maritime distribution fit lead to extra ₦1.75 trillion every year, and that burden go finally fall on producers or consumers. While admitting say fuel marketers get right to choose how dem wan move their fuel, Dangote stress say if dem prioritise efficient infrastructure like pipelines and direct gantry loading, distribution cost go reduce and supply go more reliable. The company add say using these options go help keep fuel prices stable, especially as households already dey feel pressure from rising cost of living. Nigeria petrol market don change significantly since Dangote Refinery start operation, as e reduce dependence on imported fuel and ease pressure on foreign exchange. Local refining don help control prices small, with PMS dey sell between about ₦839 and ₦900 per litre for many parts of the country. However, the refinery warning show say logistics and distribution still be major challenge. How fuel marketers choose to transport petrol go determine whether Nigerians go enjoy the cost benefits of local refining or face another round of price increase wey fit push petrol reach ₦1,000 per litre.
