The Digest:
Dangote Petroleum Refinery (DPR) has suspended its strategic partner discounted pricing scheme, following allegations that some partners sold their authority to collect (ATC) rights to marketers, allowing them to sell below the refinery's ex-gantry price. This suspension comes after several complaints regarding improper practices that threaten the refinery's operations.
Key Points:
- Dangote Refinery suspends discounted pricing scheme due to violations by partners
- Partners reportedly sold their ATC rights, undercutting official pricing
- ATC rights allow entities to collect products on behalf of others
- The refinery received complaints about selling below the ex-gantry price
- Despite engagements with partners, the issue became a significant concern
- The discounted price suspension took effect from July 13
- All existing product release notes (PRNs) at partner prices remain valid
The suspension highlights concerns over maintaining fair pricing and distribution, with the refinery now working on restructuring the scheme. The management reassures partners that the suspension does not affect the importance of the strategic partnership and is exploring new incentive programs.
The refinery's shift signals a need for tighter controls to preserve the integrity of its pricing structure and ensure long-term sustainability.
Sources: TheCable
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