The administration of the Dangote petroleum refinery has acknowledged that it has fastened the worth of the Premium Motor Spirit, popularly known as petrol.
The Group’s Chief Branding and Communications Officer, Anthony Chiejina, made this recognized in a press release on Tuesday whereas reacting to a report with the headline “Entrepreneurs Challenge N600/litre for Dangote Petrol”.
The PUNCH had reported that Impartial petroleum entrepreneurs in Nigeria are hoping that the Dangote refinery will promote its petrol at N600 or N650/litre when it’s lastly launched into the market.
Sellers beneath the aegis of the Impartial Petroleum Entrepreneurs Affiliation of Nigeria mentioned they consider that the Dangote refinery would crash the worth of petrol because it did with diesel.
IPMAN Nationwide Vice President, Hammed Fashola, informed our correspondent in an interview on Monday that the $20bn refinery would convey down the price of gasoline if it will get the wanted assist, particularly because it has to do with crude provide.
In keeping with him, the Nigerian Nationwide Petroleum Firm Restricted, which is the only importer of petrol, has been promoting to entrepreneurs at N570/litre, however most IPMAN members purchase from non-public depot homeowners at N700 and above.
Nevertheless, the Dangote refinery acknowledged that it doesn’t have any enterprise take care of IPMAN and has by no means mentioned the worth of petrol with the oil entrepreneurs.
It, subsequently, requested Nigerians and most of the people to disregard the announcement, describing it as speculative.
The assertion learn, “Our consideration has been drawn to headlines asserting “Entrepreneurs Challenge N600/litre for Dangote Petrol” printed in Punch Newspapers on Tuesday, August 13, 2024.
“We wish to make clear that the Impartial Petroleum Entrepreneurs Affiliation of Nigeria shouldn’t be our enterprise companion but. Now we have by no means mentioned the worth of Premium Motor Spirit with them, and so they don’t have any mandate or authority to talk for us, both for good or with the hidden transcript.
“We urge the general public to desist from such speculative bulletins. Now we have our official channels via which we make our views recognized to our stakeholders.”
