The Dangote Petroleum Refinery says that it has not decided on the retail price of its petrol as the downstream market eagerly awaits the entry of the
The Dangote Petroleum Refinery says that it has not decided on the retail price of its petrol as the downstream market eagerly awaits the entry of the local refiner into the petrol supply chain.
The Group’s Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina, said contrary to a report published yesterday in which marketers projected a retail price of N600 per litre for Dangote petrol, the group has not decided on any price yet.
He noted that the Independent Petroleum Marketers Association of Nigeria (IPMAN), which made the projection, was not a subsisting business partner to the group.
“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,” Chiejina said.
President, Dangote Group and Chief Executive Officer, Dangote Petroleum Refinery, Alhaji Aliko Dangote, had last month said the refinery is set to roll out its petrol from this month, having resolved its crude oil supply issues through the help of the NNPCL and the federal government.
Dangote said that the crude supply challenge, which affected the supply of petrol from the refinery, was resolved last week after the federal government intervened. He expressed hope that the authorities and stakeholders will abide by the provisions of the Petroleum Industry Act, PIA.
Located in Lekki Free Zone, Lagos, Dangote Refinery is expected to produce, at full operations, approximately 50 million litres of petrol and 15 million litres of diesel daily, equating to 10.4 million tonnes of petroleum products annually.
