By Ibrahim El-Caleel
This press release shows that Dangote Refinery is also enjoying the whole petroleum industry ruse and elongating it. NNPC said they bought your petrol at N898. Instead of this press statement to deny it, you simply tell the public the actual price you sold it to them.
For example, “We didn’t sell petrol at N898 to NNPC. We sold it to them at N619”. Is this too difficult to do or unethical?
When you do this, then let the NNPC come and deny it; then you take the next step by publicly sharing a sample of the invoice where they bought it at N619 from Dangote Refinery. This is what transparency means.
But how do you expect people to believe this? Why should people trust Dangote Refinery and not NNPC? Both DR and NNPC are only making statements; they go explain taya, no evidence. Where is the invoice?
The petroleum industry in Nigeria lacks transparency. Nobody wants to let Nigerians understand what is going on so that they can start asking the right questions. They are leaving everyone in the dark so that immediately you say anything, they will mock you that you don’t understand anything; you are a layman who doesn’t understand anything about the oil business! Yet, you are the same layman buying the petrol which fuels the industry.
What Dangote Refinery is doing at the moment is just a glorified, or let me say corporate “DM for price”. It’s the same “DM for price” that BUA Cement did one time saying it has reduced the price of cement without giving any details on how much was the initial price before they “reduced” it.
Hello DR, NNPC,
Price is not a trade secret, geniuses! If you are hiding the price of your product, then there is something shady you are doing. How can you be doing a “DM for price” strategy for a global commodity like petrol? It takes me just a click to know the price of a barrel of crude oil in the global market, same thing for an ounce of gold. What is so special about the price of the Nigerian refined petrol that you need to keep it a secret?
Anyway, lemme mind my business. You know over the last few weeks I decided to give up on my self-assigned goal of understanding the petroleum industry. I only drive into a filling station and buy petrol according to what I can afford at the time. How the petrol got there ain’t really any of my business any longer. I don’t care. When we all become tired of the nonsense going on in Nigeria one day, I am sure we will come and agree on the way forward. I am very sure this nonsense cannot continue to happen forever. It will end one day.