Dangote Refinery Clarifies Misleading Report on Petrol Sales to NNPC
Lagos, Nigeria – The Dangote Petroleum Refinery has officially refuted a report claiming that the Nigerian National Petroleum Corporation (NNPC) has commenced lifting petrol from its facility and is selling it at N897 per litre. The clarification was issued in response to a headline published in BusinessDay on Wednesday, September 4, 2024.
In a press statement released by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, the refinery emphasized that no petrol has been lifted by NNPC from its plant as the contractual agreement between both parties has yet to be finalized.
“NNPC has not commenced lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from our Dangote Petroleum Refinery. Therefore, the issue of fixing the price of petrol lifted from our refinery does not arise, as we are yet to finalize our contract with NNPC,” Chiejina stated.
See statement below:
DANGOTE
PRESS STATEMENT
NNPC YET TO LIFT OUR PETROL
Our attention has been drawn to a headline “NNPC lifts Dangote Petrol, sells at N897 per litre” published in the BusinessDay Newspapers of Wednesday, 4 September 2024.
We would like to state that NNPC has not commenced lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from our Dangote Petroleum Refinery.
Therefore, the issue of fixing the price of petrol lifted from our refinery does not arise, as we are yet to finalize our contract with NNPC.
The PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector, hence we can not determine, fix, or influence the product price, which falls under the purview of relevant government authorities.
We urge the public to disregard the headline as it is misleading and does not represent the true position in this matter. We are guaranteeing Nigerians of exceptionally high quality petroleum products that will be readily available all over the country.
Anthony Chiejina Group Chief Branding and Communications Officer
04 September 2024
The refinery also highlighted that the pricing of petrol in Nigeria is strictly regulated by government authorities, and as such, Dangote has no influence over the market price of the product.
“The PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector, hence we cannot determine, fix, or influence the product price, which falls under the purview of relevant government authorities,” the statement continued.
The refinery urged the public to disregard the misleading report, reassuring Nigerians that they are committed to delivering high-quality petroleum products that will be available nationwide.
This statement from Dangote Petroleum Refinery aims to set the record straight and maintain transparency amidst ongoing developments in the nation’s petroleum sector.