The Dangote Oil Refinery and Petrochemicals has debunked a report that the Nigerian National Petroleum Company Limited (NNPCL) has commenced lifting Premium Motor Spirit (PMS), otherwise known as petrol, from the refinery.
The Group Chief Branding and Communications Officer, Anthony Chiejina, made this known in a statement on Thursday, September 5, 2024.
Chiejina noted that the NNPCL hasn’t been lifting petrol from Dangote refinery at a price of N897 per litre, adding that the company is yet to finalise its contract with the NNPCL.
He stated: “We would like to state that NNPC has not commenced lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from our Dangote Petroleum Refinery,”
“Therefore, the issue of fixing the price of petrol lifted from our refinery does not arise, as we are yet to finalize our contract with NNPC.
“The PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the 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 in this matter.
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“We are guaranteeing Nigerians of exceptionally high quality petroleum products that will be readily available all over the country.”
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had on Tuesday disclosed that the Dangote refinery will supply 25 million litres of petrol to the Nigerian market daily commencing from September 2024.
NMDPRA added the refinery will increase the petrol supply to 30 million litres daily from October 2024.
This was made known after the President of Dangote Group, Aliko Dangote, announced that the 650,000 barrels per day refinery in the Ibeju-Lekki area of Lagos State has commenced petrol production.
Speaking in a live broadcast on Tuesday, Dangote said as soon as the refinery finalises modalities with the NNPCL, the product will hit the market.
He said: “As soon as we finalise with the NNPCL, our product will start going into the market.
“We will help to restore industry and manufacturing. We will begin real import substitution, which is what we have, you know, saving foreign exchange, earning foreign exchange, which will stabilise the naira, and it will also help bring down inflation and cost of living.
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