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    Dangote Refinery slams NNPCL over N898 per litre claim

    David GreatBy David GreatSeptember 15, 2024No Comments2 Mins Read
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    SEC warns Investors, halts promotion of Dangote Refinery IPO
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    Dangote Refinery has kicked back at claims by the Nigerian National Petroleum Corporation Limited that it sold petrol at N898 per litre to the state-owned oil company.

    In a statement on Sunday, Dangote Refinery urged Nigerians to disregard the claims made by the NNPCL, describing it as “misleading and mischievous.”

    Dangote Refinery said it would wait for a technical subcommittee’s submission before announcing how much petrol it would sell.

    “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,” Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote Group, said in a statement.

    “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.

    NNPCL to hand over refineries to private operators
    NNPCL

    “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 Tinubu, 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 product and putting an end to the endemic fuel scarcity in the country,” it added.

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    Siminalayi Fubara speaking at the commissioning of the Rivers Medical Industries Project in Port Harcourt, where he endorsed Kingsley Chinda and declared support for the Rainbow Coalition.

    Fubara endorses Chinda as successor, joins Wike-backed rainbow coalition

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