Dangote Group has said its refinery, the Dangote Petroleum Refinery is yet to commence lifting of Premium Motor Spirit (PMS), commonly known as petrol, and therefore, could not have fixed price of the product at N897 per litre.
Anthony Chiejina, Dangote Group Chief Branding and Communications Officer, who made this known in a statement dated 4 September 2024, stressed that the responsibility to fix the price of petrol falls under the purview of relevant government authorities.
While assuring that the product will be readily available all over the country, Dangote disclosed that it was yet to finalize its contract with the Nigerian National Petroleum Company (NNPC) Limited.
The statement reads: “Our attention has been drawn to a headline “NNPC lifts Dangote Petrol, sells at N897 per lite” 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 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”.