Dangote Refinery says NNPCL statement on PMS price of N898 is misleading 

Mon, Sep 16, 2024
By editor
2 MIN READ

Oil & Gas

By Victoria Frances 

THE Dangote Refinery has dismissed as misleading and mischievous the statement by Nigerian National Petroleum Company Limited, NNPCL on the PMS price of N898.

Anthony Chiejina, Group chief branding and communications officer,  September 15, stated in a statement that their 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,”  the statement said.

“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 said

“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.

According to the statement, “We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country.”

A.I

Sept. 16, 2024

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