Dangote Group has denied the reports that petrol would be at N600 per liter for sale to marketers nationwide.
Findwhosabi News reports that in a statement, spokesperson Anthony Chiejina clarified that the speculation reported by a national daily is “not reflective of the refinery’s position.”
He emphasised that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has no right to speculate on the price at which the management intends to sell petrol. He stated that IPMAN is not affiliated with the refinery.
Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” published in Punch Newspapers of Tuesday August 13, 2024.
We would like to make this clear that Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet.
We have never told any price of Premium Motor Spirit (PMS) with them, and they have no power or authority to speak for us, either for good or with hidden transcript.
We urge the public to stay away from such speculative announcements. We have our official channels through which we make our views known to our stakeholders,” Chiejina said.
Earlier reports suggested that marketers expected the Dangote Refinery to sell petrol at N600 per liter, citing IPMAN’s confidence that the refinery would lower petrol prices, similar to its impact on diesel prices. However, IPMAN leader Hammed Fashola revealed that discussions with refinery officials are ongoing, saying, “The discussion continues. We are on course. I think very soon we will conclude the discussion. We are waiting.”