Dangote Refinery has refuted reports that the Nigerian National Petroleum Company (NNPC) has commenced lifting refined Premium Motor
Spirit (PMS) from its facility.
The refinery’s spokesperson, Anthony Chiejina, in a statement described a recent headline suggesting NNPC had lifted petrol from the refinery and fixed a price of N897 per litre as “misleading” and “not representative of the true position” in the matter.
Chiejina said the company has yet to finalise its contract with NNPC and therefore has not commenced lifting petrol from the refinery.
He also noted that the PMS market is strictly regulated, and prices are determined by relevant government authorities, not by oil marketers or stakeholders.
He also noted that the PMS market is strictly regulated, and prices are determined by relevant government authorities, not by oil marketers or stakeholders.
Chieiina stated: “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 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 finalise our contract with NNPC. 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.
“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 exceptionally high-quality petroleum products that will be readily available all over the country.”
