Dangote refinery denies report of fixing new petrol price

Dangote refinery denies report of fixing new petrol price

The Dangote Group has denied reports of a planned increase in petrol price to N600 per litre, which was attributed to the Independent Petroleum Marketers Association of Nigeria (IPMAN).

This is contained in a statement released on Tuesday by the company’s Group Chief Branding and Communications Officer, Anthony Chiejina.

He said IPMAN is not a business partner of Dangote refinery and has no authority to speak on the company’s behalf. Chiejina said no discussions regarding petrol price had occurred between Dangote Refinery and IPMAN and urged the public to disregard any speculative announcements.

The statement further assured stakeholders that official updates or statements would be communicated through the appropriate channels.

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Part of the statement read, “Our attention has been drawn to the headline announcing ‘Marketers Project N600/litre for Dangote Petrol’ which was published in Punch Newspapers on Tuesday, August 13, 2024.

“We would like to clarify that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner.

“We have never discussed the price of Premium Motor Spirit (PMS) with them, and they have no mandate or authority to speak for us, either for good or with hidden transcript.

“We urge the public to refrain from such speculative announcements. We have our official channels through which we communicate our views to our stakeholders.”

Dangote refinery denies report of fixing new petrol price