BREAKING: Dangote Refinery denies selling fuel to NNPCL at N898/litre

Dangote Refinery has denied selling fuel to NNPCL at N898 per litre.

Topnaija.ng reports that Anthony Chiejina, Group Chief Branding and Communications Officer at Dangote Refinery issued the rebuttal on Sunday September 15, 2024.

Chiejina clarified that fuel pricing will be formally announced by a Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by President Bola Ahmed Tinubu. The pricing is expected to be revealed by October 1, 2024.

Topnaija.ng recalls that Nigerian National Petroleum Company Limited (NNPCL) began loading PMS from the Dangote Refinery on Sunday (today) September 15, 2024, after months of delays due to pricing and other business details from the NNPCL, as well as final work on the part of the refinery.

What NNPCL Said 

Olufemi Soneye, Corporate Communications Manager of the company, stated that claims of buying PMS at N1,300 or N760 from Dangote were incorrect and that N898 was the current loading price.

He said, “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N1,300 per litre or N760 is incorrect. For this initial loading, the price from the refinery was N898 per litre. The price is determined by market forces. It’s a deregulated market. I can also confirm, in response to inquiries, that we will receive 16.8 million litres.”

Dangote’s Response

Reacting, Chiejina stated that the claim attributed to “NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to NNPCL” was both misleading and allegedly mischievous.  

He argued that it was deliberately aimed at undermining the milestone achievement recorded on September 15, 2024, in addressing energy insufficiency and insecurity, which has plagued the economy for the past 50 years.

The statement reads this;

“Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, claiming that we sell our PMS at N898 per litre to NNPCL. This statement is both misleading and mischievous, aimed at undermining our achievement in addressing energy insufficiency and insecurity that has plagued the economy for over five decades.

“Nigerians should note that our crude stock was procured in dollars. Despite this, we ensured savings for NNPCL compared to their current import costs. This move guarantees fuel availability across all local government areas, including remote regions,”

Dangote refinery assured the public of a steady supply of quality petroleum products, aimed at ending the persistent fuel scarcity in the country.