… price is yet to be fixed–Dangote
…statement both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded
A mild drama is brewing between the Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Refinery, as Dangote Refinery has accused the NNPCL of misleading the Nigerian Public over the issue of the price of fuel from its depot.
In a press statement signed by Anthony Chiejina, Group’s Chief Branding and Communications Officer, the Dangote Group tackles NNPC over the statement credited to Femi Soneye, the Chief Corporate Communications Officer of NNPCL.
The NNPCL spoke person stated that NNPCL Got 16.8m Petrol From Dangote Refinery At N898 Per Litre.
He stated: “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N1,300 per litre or at N760 is incorrect. He told Channels Television.
“For this initial loading, the price from the refinery was N898 per litre. I can also confirm, in response to your inquiries, that we will receive 16.8 million litres.
“As of 4 pm Sunday, we have loaded about 70 trucks today and it’s still ongoing,” he said.
The NNPCL began loading the first batch of petrol from the Dangote Refinery on Sunday.
Last December, Dangote, Africa’s leading industrialist, commenced operations at his $20bn facility sited in Lagos with 350,000 barrels a day.
The refinery, which was initially bogged by regulatory battles, hopes to achieve its full capacity of 650,000 barrels per day by the end of the year.
The refinery has begun the supply of diesel and aviation fuel to marketers in the country and now petrol.
Nigeria, Africa’s most populous nation, faces energy challenges, with all its state-owned refineries non-operational. The country is heavily reliant on imported refined petroleum products, with the state-run NNPC being the major importer of the essential commodities.
Fuel queues are commonplace in the country. Prices of petrol tripled since the removal of subsidy in May 2023, from around ₦200/litre to about ₦1000/litre, compounding the woes of the citizens who power their vehicles, and generating sets with petrol, no thanks to decades-long epileptic electricity supply.
But debunking the claims of NNPCL, the Dangote Group stated:
“Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.
This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years.”
“We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars.”
“It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing. With this action, there will be petrol in every local government area of the country regardless of their remote nature.
We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country.”
The Nigerian National Petroleum Company Limited (NNPCL) said it bought petrol from the Dangote Refinery at N898 per litre.NNPCL spokesman Femi Soneye told Channels Television that 16.8 million litres of petrol have been lifted from the refinery
“We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N1,300 per litre or at N760 is incorrect.
“For this initial loading, the price from the refinery was N898 per litre. I can also confirm, in response to your inquiries, that we will receive 16.8 million litres.
“As of 4 pm Sunday, we have loaded about 70 trucks today and it’s still ongoing,” he said.
The NNPCL began loading the first batch of petrol from the Dangote Refinery on Sunday.
Last December, Dangote, Africa’s leading industrialist, commenced operations at his $20bn facility sited in Lagos with 350,000 barrels a day.
The refinery, which was initially bogged by regulatory battles, hopes to achieve its full capacity of 650,000 barrels per day by the end of the year.
The refinery has begun the supply of diesel and aviation fuel to marketers in the country and now petrol.
Nigeria, Africa’s most populous nation, faces energy challenges, with all its state-owned refineries non-operational. The country is heavily reliant on imported refined petroleum products, with the state-run NNPC being the major importer of the essential commodities.
Fuel queues are commonplace in the country. Prices of petrol tripled since the removal of subsidy in May 2023, from around ₦200/litre to about ₦1000/litre, compounding the woes of the citizens who power their vehicles, and generating sets with petrol, no thanks to decades-long epileptic electricity supply.
