PMS at N898 per litre: Dangote Refinery Condemns NNPCL ‘Mischievous Statement’

PMS at N898 per litre: Dangote Refinery Condemns NNPCL ‘Mischievous Statement’

The management of the multi-billion-dollar refinery urges Nigerians to disregard the “malicious statement” and wait for a formal announcement on pricing by the Technical Sub-Committee on Naira-based crude sales

The statement issued by the Nigeria National Petroleum Corporation Limited (NNPCL) through its spokesperson, Mr. Femi Olufemi, claiming the price of petrol (PMS) from the refinery was sold at N898 per litre, has been condemned by the management of Dangote Petroleum Refinery.

They described the statement as ‘misleading and mischievous’ and suggested that it was an attempt to undermine the milestone achievement recorded today following the historic commencement of fuelling Nigeria after over 50 years of energy insufficiency and insecurity, which has perennially bedevilled the nation’s economy.

Anthony Chiejina, Group Chief Branding and Communications Officer made this known in a statement made available to newsheadline247 newsheadline247.

According to the statement, the management of the multi-billion-dollar refinery urges Nigerians to disregard the “malicious statement” and wait for a formal announcement on pricing by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by President Bola Tinubu.

Additionally, the firm clarified that the products were sold to NNPCL in dollars, resulting in significant savings compared to what the Corporation is currently importing.

Read the full statement below.

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.

Anthony Chiejina
Group Chief Branding and Communications Officer
15th September, 2024