BREAKING: Dangote Group Speaks On Fixing Petrol Prices In Nigeria

Dangote Group has spoken on fixing petrol prices in Nigeria.

 

NewsOnline Nigeria reports that the Management of the Dangote Group has come out to clarify media reports that the NNPC has begun off taking petrol from its refinery at N897 per liter stating that it cannot fix, influence petrol prices in the country since it is responsibility of the relevant regulatory agencies.

 

In a statement signed by its Chief Branding and Communications Officer, Anthony Chiejina, the Group urged the public to disregard reports that the NNPC has begun lifting and that it is yet to finalise contract with the NNPC on pricing of petrol.

 

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The statement reads, “Our attention has been drawn to a headline “NNPC lifts Dangote Petrol, sells at N897 per litre” published in the BusinessDay Newspapers of Wednesday, 4 September 2024. 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 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 cannot 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.” 

The company further assured Nigerians that petrol from its refinery will be available in all parts of the country.