Lagos, Nigeria
The Dangote Refinery says the company cannot fix the price of its premium motor spirit (PMS).
The development was disclosed in a statement issued on Wednesday and signed by the Dangote Group’s chief branding and communications officer, Anthony Chiejina.
The statement reads, “Our attention has been drawn to a headline “NNPC lifts Dangote Petrol, sells at N897 per litre” published by BusinessDay Newspaper of Wednesday, 4th September 2024.
“We would like to state that NNPC has not commenced lifting of the refined premium motor spirit (PMS), commonly known as petrol from our Dangote Petroleum Refinery.
The company added that the issue of fixing a price for the product does not arise as it has not completed the contract process with the NNPC.
“Therefore, the issue of fixing the price of petrol does not arise, as we’re yet to finalize our contract with the NNPC.
“The PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the oil 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 of the matter.
The company added that its product will be available all over the country for Nigerians.
