The Dangote Petroleum Refinery has clarified that it cannot set prices for petrol in Nigeria, stressing that the Premium Motor Spirit (PMS) market is strictly regulated by the government.
This came after a “misleading” report in the media which claimed that the Nigerian National Petroleum Company (NNPC) Limited had started lifting petrol from the refinery to sell at N897 per litre.
In a statement signed by the Group Chief Branding and Communications Officer Anthony Chiejina on Thursday, Dangote Refinery underscored that the price of PMS is not determined by the refinery itself but by regulatory authorities in the government, saying, “The PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector. Hence, we cannot determine, fix, or influence the product price, which falls under the purview of relevant government authorities.”
Dangote Refinery also clarified that no PMS has been lifted from its refinery as the contract with NNPC is still under negotiation.
The statement read in part, “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 our contract with NNPC.”
The refinery urged the public to disregard the “misleading” story, reassuring Nigerians that its focus remains on delivering high-quality petroleum products. “We are guaranteeing Nigerians of exceptionally high-quality petroleum products that will be readily available all over the country,” Chiejina said, further highlighting the company’s commitment to providing reliable fuel solutions.
Dangote Refinery, earlier this week, announced that it has commenced petrol processing, and according to Devakumar Edwin, Vice president oil and gas at Dangote Industries Limited, the NNPC as the country’s sole importer of petrol, would exclusively purchase the refinery’s petrol.
Dangote, speaking on the distribution of the petrol, said on Tuesday, “Our petrol can be in filling stations within the next 48 hours depending on NNPC and that the pricing of the petrol would be based on an agreement with the federal government.”
Ozioma Samuel-Ugwuezi
Follow us on:
President Bola Tinubu on Friday declared that his purpose for seeking the nation's number one…
Kano state government is partnering Tony Blair Institute for Global Change to attract $23.5 million…
Nigeria's federal government has said it is currently reviewing the nation’s legal frameworks, among other…
The Nnamdi Azikiwe International Airport, Abuja, and the Port Harcourt International Airport have been recognised…
https://cdn.veri.app/13646108-d5ec-478b-a54c-b01f60dbca29.mp4 President Bola Ahmed Tinubu On Thursday directed Vice President, Kashim Shettima to lead Nigeria’s…
The United Sates (US) Vice President Kamala Harris has expressed her willingness to use her…
View Comments
N. C. S auctionAUCTIONING OF VEHICLES @ RICES
THIS INFORMATION IS FROM THE NIGERIA PORT AUTHORITY FOR AUCTION FOR MORE INFORMATION Call or message on WhatsApp O8O__6739__9O9O.
RICE AVAILABLE FOR SALES ARE :-
MamaGold=29,500
Royal umbrella=29,500
Mama Gold=29,500
Rising sun=29,500
Mama Africa=29,500
Elephant Gold=29,500
Caprice =29,500
NOTE: Delivery fee IS (#4000)
*These Vehicles Are Impounded Due To Smuggling And Improper registration.*
*These Vehicles Are Direct Tokunbo and Has Never Been Used In Nigeria.*.For any purchase
Call the officer
O8O__6739__9O9O
•Toyota Land Cruiser-N6.5m
•Toyota Prado N4.5m
•Toyota Corolla
–N1.2millon
•Toyota Camry –N950,000
•Toyota Avensis –N1.2m
•Toyota sienna –1millon
•Toyota Yaris – N900,000
•Toyota picnic _ N750,000
•Toyota Venza– N2.8m
•Toyota Matrix –750,000
• Toyota RAV4 –N1.8m
•Toyota Hilux Pickup-N2.5m
•Toyota Dyna Truck–N3m
•Toyota 4 Runner–N1.9m
•Toyota Hiace Bus –N1.5m
•Toyota Highlander-N1.2m
•Toyota Big daddy-1.9m
Honda Civic cars – N850,000
Honda Accord – N950,000
Honda CR-V –N980,000
Honda CR-V –950,000
Honda Pilot – N900,000
*Prices of some Volswagen cars:
Golf 1-250,000
Golf 2-N300,000
Golf3-350,000
Golf 5 -N550,000
Jetta-N350,000
Passat-N450,000
Lexus RX300-₦2M
Lexus Rx 330-₦3.1M
Lexus RX350-₦3.8M
Lexus GX450-₦6.2M
Lexus GX470-₦8.5M
EVERY BUYER IS EXPECTED TO PAY FOR THE DOCUMENTS OF THE VEHICLES BEFORE THE DELIVERY WILL COMMENCE!!!!WE DELIVER NATION WIDE NOTICE INSTALLMENTAL PAYMENT IS ALLOWED!!! ONLY INTERESTED BUYERS SHOULD CONTACT: THE OFFICER O8O__6739__9O9O THANKS FOR PATRONIZING WITH US.!!!Bags of cement #3,500
Delivery cost is #1,000