The Dangote Refinery has suspended its strategic partner discounted pricing scheme due to alleged violations by some partners.
Gatekeepers News reports that some partners, acording to the refinery, were reselling their Authority to Collect (ATC) rights to marketers outside the scheme, allowing them to lift products below the prevailing ex-gantry price.
This practice has been a grave concern for the refinery, affecting the sustainability of its gantry operations.
The refinery stated that despite multiple engagements with its strategic partners, the issue persists, leading to the suspension of the discounted price offered to partners from July 13.
The refinery is currently working on restructuring the scheme and has introduced certain concessions to ensure the continued off-take of its products.
Existing product release notes at partner prices will remain valid for loading, and recommended pump prices across retail stations should still be adhered to.
The refinery assured its partners that the suspension does not diminish the importance of the strategic partnership scheme nor jeopardize the mutually beneficial relationship it shares with them.
The Dangote Refinery recently welcomed several new oil marketing companies to its growing distribution network, including TotalEnergies, Garima Petroleum, Sunbeth Energies, and others.
The refinery is exploring other incentive/reward schemes for its valued strategic partners, which will be communicated soon.
