Petrol price: Dangote counters NNPC, says crude sale in naira starts Oct 1

Petrol price: Dangote counters NNPC, says crude sale in naira starts Oct 1

Dangote refinery has carpeted the Nigerian National Petroleum Company Limited (NNPCL) for reportedly misleading members of the public on the cost of petrol brought from the refinery.

Anthony Chiejina, Group Chief Branding and Communications Office of Dangote, stated this in reaction to an earlier statement by the NNPC that it bought a litre of petrol from the new refinery at N898/litre.

Chief Spokesperson for the NNPCL, Olufemi Soneye, was quoted as saying, “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 litre.”

The oil firm moved about 300 trucks to the 650,000 capacity refinery in Lagos, on Saturday, and loading commenced on Sunday.

But in its statement, Dangote Refinery said, “Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.

“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.L

“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.”