Rita Odafe
Anthony Chiejina, Group Chief Branding and Communications Officer at Dangote Petroleum Refinery, has elucidated the reasons behind the company’s inability to set a price for its petrol.
He emphasized that the Petroleum Motor Spirit (PMS) market is strictly regulated, a well-known fact among oil marketers and industry stakeholders, preventing Dangote from determining, fixing, or influencing the product’s price.
Chiejina also criticized a recent publication by an online media outlet, which falsely claimed that Dangote had fixed the price of refined PMS at N897 per litre.
He clarified that the Nigerian National Petroleum Corporation, Limited (NNPCL), is yet to begin lifting their product.
The company highlighted in a statement: “Our attention has been drawn to a headline claiming NNPC is lifting Dangote petrol and selling at N897 per litre, published on 4 September 2024 by a news outlet (Not Vanguard).
Chiejina continued, stating: “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.
He further explained: “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.
Asserting the strict regulations governing the PMS market, he reiterated: “We cannot determine, fix, or influence the product price, which falls under the purview of relevant government authorities.
In conclusion, he urged the public to disregard the misleading headline, assuring Nigerians of continuous access to high-quality petroleum products nationwide.
