Dangote Refinery denies N600 per litre price of petrol speculation …C0NTINUE READING HERE >>>
Dangote Limited on Tuesday night denied fixing the price of petrol from its refinery based in Lagos State at ₦600 per litre.
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The Group Chief Branding and Communications Officer, Anthony Chiejina, in a statement titled ‘ We have not fixed Petrol Price’ disclosed that it has not fixed any price for petrol, and IPMAN is not a business partner of the organization yet.
The denial follows the earlier submission of the Independent Petroleum Marketers in Nigeria, who anticipated that petrol from the Dangote Petroleum Refinery will be sold for ₦600 to ₦650 per litre once it is released to the market.
The National Vice President IPMAN, Hammed Fashola, told the Punch that the Dangote refinery, like it did with diesel, will help reduce the cost of petrol.
Fashola, explained that the $20 billion refinery could lower fuel prices, provided it receives adequate support, particularly in securing crude oil supplies.
However, in reaction to the anticipated price, Dangote, via its verified social media pages, refuted the claims, clarifying that Dangote has not discussed the price of petrol with the marketers, and they have no authorization to speak on behalf of the organization.
The statement reads: “We have not fixed Petrol Price
“Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” published in Punch Newspapers of Tuesday August 13,2024.
“We would like to clarify that Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet. We have never discussed 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 desist from such speculative announcements. We have our official channels through which we make our views known to our stakeholders.”
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