Business
PENGASSAN-Dangote Rift Widens Over Salary Suspension
The Dangote Petroleum Refinery has stopped the monthly salaries of the engineers sacked in September during its face-off with the Petroleum and Natural Gas Senior Staff Association of Nigeria.
In a bid to address this, PENGASSAN said it is engaging the Dangote Group to resolve the matter amicably instead of resorting to another industrial action.
Findings by The PUNCH revealed that the salaries were halted following the refusal of many of the engineers to accept their redeployment to Zamfara, Borno, Benue, and Sokoto states, among others.
Some of the workers, who spoke on condition of anonymity because of the sensitivity of the issue, had earlier said individuals were sent to a coal mine in Benue, concrete road construction sites in Borno and Ebonyi states, as well as rice plants in Kebbi, Niger, Sokoto, and Zamfara.
While a few workers were said to have accepted the redeployment, many rejected it, relying on assurances from PENGASSAN that the crisis would be resolved through dialogue.
It was learnt that the Dangote Group issued a warning signal in October by slashing the wages of the affected workers before withholding their November salaries completely.
A senior official of the Dangote Group confirmed to our correspondent that the company would no longer continue paying those who rejected the redeployment offers.
While the affected workers described the non-payment of their salaries as “victimization”, the official, who did not want his name in print due to the lack of authorization to speak on the matter, wondered why the company should keep paying individuals who had refused the alternative placements offered.
“Those whose services were terminated were given an opportunity to work in our other projects, such as rice mills, concrete road construction, and coal mines.
All those who accepted have started working.
“If a newspaper terminates the services of an employee, and if it even goes out of its way to provide alternative employment, but the employee is not interested in availing the alternative employment, will it keep paying his/her salary?” the official said.
Recall that PENGASSAN had shut down oil and gas facilities in September over allegations that 800 refinery workers were fired for volunteering to be members of the union. However, the Dangote refinery said it only sacked a few workers who were sabotaging the facility, describing the exercise as a reorganization.
The shutdown caused nationwide losses in oil and gas production and contributed to a drop in power generation until the Federal Government intervened and directed the redeployment of the affected workers.
In October, the sacked engineers were invited to pick up their letters at the Ikeja office of the Dangote Group. One of the letters sighted by our correspondent was titled ’Offer of Trainee Engagement’ and carried the letterhead of Dangote Projects Limited.
It reads partly: “Based on your performance at the assessment and subsequent interviews held with you, we are pleased to engage you as Engineer Trainee (Mechanical Engineering) for the coal project we are executing at Okpokwu, Benue State. This engagement shall be subject to the following conditions: You will report to your work location within 14 days upon receipt of this letter.
“You will undergo classroom training and hands-on training in the construction, commissioning, and operation of our Coal Project at Okpokwu, Benue State. Your training will be for a period of two years, and it will be reviewed periodically. You will be required to submit reports on your learning and progress. The objective of the training is to impart to you skills and to enable you to take up a position of responsibility in the organization.”
Many of the engineers expressed concerns about the posting, especially to places perceived to be security hot spots. “The issue with the re-employment is that, firstly, there’s no address to report to on that letter. No office to report to in the states we were posted to. Secondly, those are security hot zones.
“Thirdly, in the letter, it is stated that if you don’t report within 14 days, your employment will be terminated, but no office location was given, and they don’t exist when we checked on Google Maps. So, if we accept the letters, we are basically terminating our employment by ourselves because there’s no office in those states to report to. PENGASSAN has basically told us not to accept the letters. We should let them continue with their talks,” they told The PUNCH.
Speaking during a briefing last week, the PENGASSAN President, Festus Osifo, said the union was still engaging the Dangote refinery to have the issues resolved.
Osifo said, “Since our last national industrial action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues. The NEC decided that, yes, let us still continue that process by pushing those issues by engaging in a dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved. And we hope and pray that these issues will be resolved at the table.
“These issues should be resolved in mere jaw-jaw so that we will not go back to Egypt. But as PENGASSAN, you know, we don’t shy away from doing what is right. But our preference is to get the subject resolved over the negotiation table.”
Business
JUST IN: Marketers Crash Petrol Prices Nationwide, New Pump Prices Emerge
The cost of importing petrol into Nigeria has dropped sharply following the recent decline in global crude oil prices, creating fresh competition for local refiners, including the $20 billion Dangote Refinery.
New data released by the Major Energy Marketers Association of Nigeria (MEMAN) shows that the landing cost of imported Premium Motor Spirit (PMS), also known as petrol, has fallen to N1,117 per litre.
The figure is now significantly lower than Dangote Refinery’s gantry price of N1,250 per litre, leaving a difference of N133 per litre.
The development comes days after the mega refinery reduced its ex-depot petrol price from N1,275 to N1,250 per litre in response to changing market conditions.
The latest MEMAN pricing template suggests that fuel importers may now enjoy a competitive edge over domestic refiners as international crude prices continue to soften. Aside from petrol, the landing costs of other petroleum products also recorded notable declines.
According to the data, diesel landing cost dropped to N1,470 per litre, compared to Dangote Refinery’s price of N1,700 per litre. Aviation Turbine Kerosene (ATK), commonly known as aviation fuel, also fell to N1,426 per litre, while Dangote’s price remains N1,650 per litre.
MEMAN estimated the exchange rate for fuel imports at N1,366.85 per dollar, reflecting the prevailing official foreign exchange rate at the time of the calculation.
Business
No More N1,330, Petrol Prices Crash Nationwide; New Rates Emerge
Some filling stations along the Lagos-Ibadan Expressway and in other locations across Lagos and Ogun states have reduced petrol prices below N1,300 per litre.
This follows a price cut announced by the Dangote Petroleum Refinery on Sunday.
The refinery adjusted its ex-depot gantry price of petrol down to N1,250 per litre from N1,275 per litre, while also slashing the price of diesel to N1,700 per litre from N1,800 per litre.
According to Dangote officials, the price review reflects a recent decline in global oil prices and reinforces the company’s commitment to making refined products more affordable while providing cost relief to Nigerian consumers and businesses.
Following the announcement, observations across the Mowe/Ibafo axis of the Lagos-Ibadan Expressway in Ogun State showed that several independent marketers immediately adjusted their pumps. For instance, MRS filling stations reduced their petrol pump price to N1,286 per litre, NIPCO and Heyden retailed the product at N1,290 per litre, and SGR adjusted its price to N1,297 per litre.
Reductions were also recorded in the diesel market, with many filling stations dropping their prices to N1,800 per litre from the previous N1,900 per litre.
Despite these downward adjustments, many retail outlets still sell petrol above the N1,300 mark. Outlets operated by the Nigerian National Petroleum Company Limited (NNPC) in Ibafo adjusted their pumps to N1,305 per litre, while Mobil and Asharami sold the product at N1,310 and N1,320 per litre, respectively.
The overall price drop comes after a prolonged period of high fuel costs in Nigeria, which saw petrol skyrocket from N830 per litre to over N1,300 after global crude oil climbed past $115 per barrel due to tensions between the United States and Iran.
Business
Dangote Refinery, Marketers Release Fresh Petrol Prices After Rate Cut
Barely 24 hours after announcing a reduction in the price of premium motor spirit (PMS), commonly known as petrol, Dangote Refinery has adjusted its ex-depot price upward, joining several other fuel depot operators in responding to renewed volatility in the global oil market.
The latest development comes after the refinery had cut petrol prices twice within two days, lowering its ex-depot rate from N1,275 per litre to N1,250 per litre.
However, fresh market data now indicates a reversal of that trend as rising crude oil prices continue to influence domestic fuel pricing.
Industry observers attribute the latest increase to growing uncertainty in the international energy market, particularly concerns surrounding the Strait of Hormuz, a critical shipping route for global oil supplies.
Data from PetroleumPriceNG shows that Dangote Refinery increased its petrol price by 0.46 per cent to N1,256 per litre, up from N1,250 per litre announced earlier.
The refinery’s adjustment was mirrored by several major depot operators across the country. According to the data, AIPEC raised its petrol price to N1,252 per litre, while Ardova also fixed its rate at N1,252 per litre. Bulk Strategic and Liquid Bulk both increased their prices to N1,285 per litre.
The coordinated adjustments reflect growing concerns among marketers and depot operators over the rising cost of crude oil and the need to manage pricing risks.
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