Dangote Refinery debunks N600 petrol price allegation

Cynthia Ezekwe

The management of  Dangote refinery has firmly refuted speculations that it has set the pump price of petrol at N600 per litre for sale to marketers nationwide.

A statement signed by  Anthony Chiejina,  the group chief branding and communications officer of Dangote Industries Limited,clarified that the speculation suggesting that marketers expect the refinery to sell petrol at N600 per litre is not reflective of the refinery’s position.

Chiejina  noted that the company has not partnered with the Independent Petroleum Marketers Association of Nigeria (IPMAN), and has no authority to speculate on the price at which the management intends to sell petrol. 

“Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” published in Punch Newspapers on Tuesday, August 13, 2024.We would like to clarify that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet,’’ the statement noted. 

“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 transcripts. We urge the public to desist from such speculative announcements. We have our official channels through which we make our views known to our stakeholders, ’it added.