The issue of fixing the price of petrol lifted from our refinery does not arise, as we are yet to finalise ur contract with NNPC.”
By Ife Osemedua
365Daily – The management of Dangote Refinery has clarified that the Nigerian National Petroleum Company (NNPC) Limited is yet to commence the lifting of petrol at the facility as both parties are still negotiating terms.
This was disclosed by its Group Chief Branding and Communications Officer, Dangote Group, Anthony Chiejina, in a statement on Thursday, September 5, 2024.
He also corroborated the earlier statement by the Chairman of the company, Aliko Dangote, that the Federal Executive Council (FEC) will determine the price of the petrol.
While describing a media report that NNPC has commenced the lifting of petrol from the refinery as misleading, he stated, “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 finalise ur 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 are guaranteeing Nigerians of exceptionally high quality petroleum products that will be readily available all over the country.”
Meanwhile, NNPC Limited has disclosed that over 17.6 million barrels of crude oil will be delivered to Dangote Petroleum Refinery between September and October.
On Thursday, while appearing on a television programme, the Executive Vice-President, Downstream, NNPC, Adedapo Segun, said the move is part of the federal government’s push to drive local production of petroleum products.
“We have supplied about 30 million barrels to Dangote so far. Six-point-three million this month, and we will supply 11.3 million in October,” he added.