"Completely False": Dangote Refinery Sets Record Straight on Allegation of Substandard Diesel
- Dangote Group has reacted to claims made by an online news platform about high sulfur in its diesel
- The company, which is owned by billionaire Aliko Dangote, dismissed the reports as false and misleading
- It re-stated its commitment to deliver high-quality petroleum products at the cheapest rate and contribute to the nation's growth
Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology and the stock market.
Dangote Industries Limited has vehemently criticised an online report questioning the quality of its diesel supplied to the Nigerian market.
It was previously reported by a certain media publication that high sulphur diesel from the Dangote Refinery prompted the refiner to reduce domestic prices by 37%.
Source: UGC
In a statement signed by the company's spokesperson, Mr Anthony Chiejina, the Dangote Group labelled the allegation as false, baseless, and mischievous, aimed at tarnishing the reputation of our esteemed organisation.
Dangote commits to top-quality petroleum products
It would be recalled that in early April 2024, the company announced it had started supplying petroleum products to the local market.
A week later, the $20 billion refinery announced the reduction of the price of diesel by 16.6% to N1,000 per litre from N1,200 per litre in an effort to boost Nigeria's internal economy.
Chiejina emphasised that the refinery is engineered to manufacture top-quality petroleum products that comply with extremely rigorous international specifications.
The statement read in part:
“Until late last year, diesel imports into Nigeria were up to 7,000 parts per million (ppm) of Sulphur which has been going on for many years.
Our diesel is produced currently at significantly lower levels of Sulphur; as such, we find baseless the allegation that the reason for reduction is linked to quality.
"What we are producing is 80 per cent better than what is being imported into the country."
The company also addressed another allegation, claiming that Medium Level Sulphur diesel is intended for off-road use.
Chiejina said:
"This is a completely false statement as this would have invariably meant that all the imports for the last 20 years have been damaging equipment."
He added that diesel imports for the high sulphur grade had been at significantly higher prices until Dangote Refinery started operation.
He questioned how the lower prices were never in effect if high sulfur diesel were sold at lower prices.
Chiejina confirmed that the primary reason for the reduction in Dangote diesel prices was the commitment of the management to the nation, along with the prevailing market dynamics of supply and demand.
He urged the public to dismiss the false and malicious allegations, emphasising that the Dangote Refinery is dedicated to providing the best products and services to Nigerians and contributing to developing and growing the Nigerian oil and gas sector.
Dangote speaks on reduced diesel price
Meanwhile, Legit.ng earlier reported that Alhaji Aliko Dangote, the chairman of the Dangote Group, expressed confidence that the reduction in diesel costs would lead to a decrease in the inflation rate.
Dangote highlighted that his petroleum refinery had been retailing diesel at N1,000 per litre, a considerable decrease from the previous market price range of N1,650-N1,700.
Dangote emphasised that low diesel prices can help bring inflation down immediately.
PAY ATTENTION: Donate to Legit Charity on Patreon. Your support matters!
Source: Legit.ng
