Dangote Refinery: Tinubu committee will announce our petrol price on October 1

Dangote Group has reacted to the report that it sold premium motor spirit (PMS) to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre, describing the report as “misleading and malicious.” In a statement by its Chief Branding and Communication Officer, Anthony Chiejina, Dangote did not state the specific rate it sold the […]

Dangote Group has reacted to the report that it sold premium motor spirit (PMS) to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre, describing the report as “misleading and malicious.”

In a statement by its Chief Branding and Communication Officer, Anthony Chiejina, Dangote did not state the specific rate it sold the product to the NNPCL but said it was sold in dollars.

Chief spokesperson of the NNPCL, Olufemi Soneye had told Daily Trust in an interview that it bought a litre from Dangote at N898, debunking an initial claim that it was sold at N760 as reported by another newspaper (not Daily Trust.

“We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N760 per liter is incorrect. For this initial loading, the price from the refinery was N898 per liter,” Soneye had said.

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But Dangote in its statement said the N898 claim by Soneye is misleading, disclosing that the Tinubu-appointed committee would announce the price on October 1.

The statement read: “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 product and putting an end to the endemic fuel scarcity in the country.”