Dangote Group has denied reports that the Nigerian National Petroleum Company Limited (NNPCL) has begun lifting Premium Motor Spirit (PMS), commonly known as petrol, from its refinery.
A newspaper had claimed that NNPCL had started to take petrol from Dangote Refinery and was selling it at N897 per liter to Nigerians.
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This report surfaced following Aliko Dangote’s declaration that the refinery is ready to start production and distribution of petroleum products.
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However, Anthony Chiejina, the Group Chief Branding and Communications Officer for Dangote Group, clarified in a statement on Thursday that NNPCL has not yet begun to lift fuel from the refinery.
He also emphasized that the petrol market is strictly regulated, and as such, the company cannot set or influence the price of the product, which is under the control of relevant government authorities.
“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.
“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 can not 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 of exceptionally high quality petroleum products that will be readily available all over the country,” the statement said.
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