The Nigerian National Petroleum Company Limited (NNPC Ltd) has maintained that it purchased petrol from the Dangote Refinery at a rate of N898 per litre.
This assertion was confirmed by Olufemi Soneye, the chief corporate communications officer of NNPC Ltd, in a statement to PREMIUM TIMES on Monday morning.
This confirmation comes after Dangote Refinery denied NNPC Ltd’s earlier claim. On Sunday, Soneye reiterated that the petrol was bought at N898 per litre, noting that market forces now dictate domestic pump prices.
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In response, Dangote Refinery labeled the claim as “misleading and mischievous,” suggesting it was intended to undermine the refinery’s role in addressing Nigeria’s energy shortages.
Anthony Chiejina, the refinery’s Group Chief Branding and Communications Officer, urged Nigerians to disregard the “malicious statement” and to await an official pricing announcement from the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by President Bola Ahmed Tinubu, which is set to begin on October 1.
Chiejina’s statement, however, did not disclose the price at which Dangote Refinery sold petrol to NNPC Ltd.
The refinery emphasized that its current crude stock was purchased in dollars and sold to NNPC in dollars, resulting in considerable savings compared to current import costs.
Read Also: BREAKING: Dangote Group Reacts To Reports Of Selling Fuel At N898 Per Litre To NNPCL
In response to Dangote Refinery’s statement, Mr. Soneye reaffirmed that NNPC Ltd purchased petrol from the refinery at N898 per litre.
“If the price isn’t N898, then what is it? We would be happy to receive a discount. Throughout the day, various figures have been circulating—some claiming N1,300, Punch reported around N767, and another outlet mentioned N500. It’s our responsibility to clarify the facts. The truth is, the government is not setting fuel prices, nor is NNPC Ltd. It’s a deregulated market where prices are determined by market forces.
“Let them tell you their price. I stand by my earlier comment. Will you allow customers to carry your product without price agreement?” Mr Soneye told PREMIUM TIMES early on Monday.
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