Dangote Refinery Denies Selling Petrol to NNPCL At N898 Per Litre
The cold business and pricing war between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote's Refinery has assumed a new dramatic twist as Dangote Refinery has denied the claim by NNPCL that it bought fuel from it at N898
By: AbdulWasiu Akintunde, Olufemi Orunsola
Dangote Refinery has called out the Nigerian National Petroleum Company Limited (NNPCL) for claiming they bought fuel from them at N898 per litre.
A statement made available to Newsmen and signed by the Group Chief Branding and Communications Officer of Dangote Company, Anthony Chiejina,debunked those claims, labelling them as misleading and mischievous".
According to Chiejina, the pricing narrative put up by the NNPCL is “misleading and mischievous”.
He therefore urged Nigerians to wait for “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.”
The statement reads: “Our 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.
“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 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.
“We assure Nigerians of availability of quality petroleum products and putting an end to the endemic fuel scarcity in the country.”
OPEN TELEVISION NAIJA (OTN) News recalls that in a previous report , the Spokesperson of the NNPCL, Olufemi Soneye had said that “we successfully loaded PMS at the Dangote Refinery today.
“The claim that we purchased it at N760 per liter is incorrect.
“For this initial loading, the price from the refinery was N898 per liter.”
The description of the NNPCL's narrative as misleading by Dangote Refinery marks a new dimension to what many experts have described as a "dramatic lack of transparency and
accountability" in the oil sector economy in the country.
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