Dangote Refinery, NNPCL Trade Words Over Petrol Price

As Nigerians desperately look forward to a solution regarding the troubling situation on the availability and affordability of petroleum products in the country, Dangote Refinery has hit out at the Nigerian National Petroleum Company Limited (NNPCL) for claiming they bought her fuel at N898 per litre.

Dangote Refinery in a statement on Sunday by her Group Chief Branding and Communications Officer, Anthony Chiejina denied the claim by NNPCL and cautioned her against misleading Nigerians. 

The statement reads: 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 products and putting an end to the endemic fuel scarcity in the country.