Oil marketers have called for a downward review in the pump price of the Automotive Gas Oil, popularly called diesel, being produced by the Dangote Petroleum Refinery to between 700 naira and 850 naira per litre, as operators plan to meet managers of the refinery next week.
The largest downstream marketing association, the Independent Petroleum Marketers Association of Nigeria, which made the call in an interview with newsmen, said the 1,225 naira per litre diesel price from the indigenous refinery was high because the commodity was produced in Nigeria and not imported.
The Petroleum Products Retail Outlets Owners Association of Nigeria also called for a reduction in the price of Dangote diesel.
The groups called for the intervention of the Federal Government and urged the managers of the refinery to consider the high cost of logistics required to transport the product from Lagos where the refinery is located.
The oil marketers pointed out that the product is landing in Nigeria the cost of 1,250 naira per litre following the appreciation of the naira against the dollar, adding that this should be another reason why the Dangote refinery that produces diesel in Nigeria should cut down its price.
Reacting to the cost of the commodity, the National Public Relations Officer, IPMAN, Chinedu Ukadike, commended the refinery for the commencement in the release of refined products.
He said oil marketers would submit their price request to the Dangote refinery next week, adding that IPMAN would seek the intervention of the Federal Government on the matter.