Dangote Refinery has refuted reports that NNPC Limited has commenced lifting petrol from its facility, stating that negotiations are still ongoing. Group Chief Branding and Communications Officer, Dangote Group, Anthony Chiejina, clarified that the company cannot determine the price of petrol as the sector is regulated.
“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,” Chiejina said. “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.”
Chiejina urged the public to disregard misleading reports, stating, “We urge the public to disregard the reports 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.”
Meanwhile, NNPC Limited disclosed that over 17.6 million barrels of crude oil will be delivered to Dangote Petroleum Refinery between September and October. Executive Vice-President, Downstream, NNPC, Adedapo Segun, stated that this move is part of the federal government’s push to drive local production of petroleum products.
“We have supplied about 30 million barrels to Dangote so far. Six-point-three million this month, and we will supply 11.3 million in October,” he added.