Dangote Group has strongly denied reports suggesting that the Nigeria National Petroleum Company Limited (NNPCL) is lifting petrol from its refinery at a price of N897 per litre. The clarification came from the Group’s Chief Branding and Communications Officer, Anthony Chiejina, who dismissed the claims, stating that no such arrangement has been finalized.
Chiejina clarified that Dangote Refinery has not yet started supplying Premium Motor Spirit (PMS), commonly known as petrol, to the NNPCL. Consequently, any reports of a set price for the product are premature, as the contract between Dangote Refinery and NNPCL is still in negotiation.
The statement also emphasized that the pricing of PMS in Nigeria is regulated by government authorities, and as a private entity, Dangote Group does not have the power to set or influence the price of petrol. Chiejina urged the public to disregard the misleading reports, reassuring Nigerians that the company is committed to fairness and transparency in its dealings.
Aliko Dangote, Group Chief Executive Officer, had earlier mentioned that the Federal Executive Council, under the leadership of President Bola Ahmed Tinubu, is working on a new pricing framework for petrol produced from the Dangote Refinery. He added that the refinery, which has a capacity of 650,000 barrels per day, is poised to deliver refined petrol to stations within 48 hours once the agreement with NNPCL is finalized.
Interestingly, just hours after Dangote’s remarks, there were reports that NNPCL directed its retail outlets to increase the pump price of petrol to N855 per litre. This decision came shortly after NNPCL revealed it was facing challenges in fuel imports due to an $8 billion debt.
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.