Dangote Denies Fixing PMS Pump Price at N897 Per Litre

The Dangote Group has denied reports that the Nigerian National Petroleum Company Limited, NNPCL, has started lifting fuel from its refinery.

It was reported that NNPCL lifted petrol from Dangote Refinery and sold it for N897 per liter to Nigerians.

The report comes amid the declaration by the Chairman of Dangote Group, Aliko Dangote, that the refinery is ready to commence production and sales of PMS.

However, Anthony Chiejina, Group Chief Branding and Communications Office of Dangote Group, said NNPCL was yet to start lifting fuel from the refinery.

In a statement he signed, Chiejina said: “Our attention has been drawn to a headline ‘NNPCL lifts Dangote petrol, sells at N897 per liter.

“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 finalise our contract with NNPCL.

“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.”