The management of Dangote Refinery has firmly dismissed recent reports suggesting a fixed petrol price of ₦600 per litre.
Describing these reports as “speculative announcements” with no factual basis, the refinery addressed the issue in a statement released on Tuesday by Anthony Chiejina, Group Chief Branding and Communications Officer at Dangote Industries Limited.
This clarification comes in response to media claims that the refinery was negotiating with oil marketers and that petrol prices might be set as low as ₦600 per litre.
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The refinery emphasized that it has not engaged in any partnership with the Independent Petroleum Marketers Association of Nigeria (IPMAN) and that no discussions about petrol pricing have occurred.
“Our attention has been drawn to headlines announcing ‘Marketers Project N600/litre for Dangote Petrol’ published in Punch Newspapers on Tuesday, August 13, 2024,” the statement noted. “We would like to clarify that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet.
We have never discussed the price of Premium Motor Spirit (PMS) with them, and they have no mandate or authority to speak for us, either for good or with hidden transcript.”
The refinery urged the public to avoid relying on speculative reports and reiterated that official communications will be made through their established channels.
Press Statement:
