Dangote Group has debunked reports that the Nigerian National Petroleum Company Limited (NNPCL) has started lifting Premium Motor Spirit (PMS), popularly known as petrol, from its refinery.
The company issued the disclaimer in a Thursday statement signed by its Group Chief Branding and Communications Office of Dangote Group, Anthony Chiejina, in reaction to a newspaper report that the national oil company lifted petrol from Dangote Refinery and sold it for N897 per litre to Nigerians.
“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 statement reads in part.
Dangote Group added, “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.
“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 exceptionally high-quality petroleum products that will be readily available all over the country,” the statement said.
Credit: The Sun