Economy

Dangote Refinery Denies Selling Petrol to NNPCL at N898 Per Litre

Trucks on queue for Dangote fuel in Lagos on Sunday

 

The Dangote Refinery has denied selling petrol at N898 per litre to the Nigeria National Petroleum Company Ltd (NNPCL).

Anthony Chiejina, Group Chief Branding and Communications Officer at Dangote Refinery issued the rebuttal on September 15, 2024.

The NNPC began loading PMS from the Dangote Refinery on Sunday, September 15, 2024, after months of delays due to pricing and other business details from the NNPC, as well as final work on the part of the refinery.

Olufemi Soneye, Corporate Communications Manager of the company, stated that claims of buying PMS at N1,300 or N760 from Dangote were incorrect and that N898 was the current loading price.

 

THE PRESS RELEASES FROM DANGOTE BELOW:

Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.

This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years.

We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars.

It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing.  With this action, there will be petrol in every local government area of the country regardless of their remote nature.

We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country.

Anthony Chiejina                                          Chief Branding  and  Communications

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