Reps Ask Dangote To Disclose Cost Of Petrol From Refinery

The House of Representatives has asked the owner of Dangote Refinery, Aliko Dangote, to reveal the real cost he is selling petroleum from his refinery to NNPC Limited and other major marketers.

The lawmakers made the demand following a motion moved by Oboku Oforji on Thursday during plenary.

CityNews reports that there has been a dispute between NNPC Limited and Dangote Refinery over the cost per litre of petrol from the refinery.

NNPC Limited has claimed to be buying petrol at ₦898/litre from Dangote. However, the refiner disputed the figure, stating that it is selling less than the amount.

Speaking on the situation, the lawmakers asked NNPC to disclose the amounts the refinery is paying for crude oil.

The lawmakers also urged the management of Dangote Refinery to build, acquire or partner to get Tank Farms or depot across the geo-political zones in the country.

In the motion, Oforji commended the refinery for its impact on energy sovereignty of the country.

“Nigeria is driving towards energy self-sufficiency, cost and foreign exchange savings, meeting the increasing demand for fuels, attraction of foreign capital investment, generation of Forex through export of finished product,” he said.

To achieve sustainability, Oforji said Dangote Refinery should sell products directly to independent marketers.

The motion was adopted unanimously by the lawmakers.