Dangote refinery refutes entrepreneurs’ projection on petrol worth



The control of the Dangote petroleum refinery has said that it has fastened the cost of the Top rate Motor Spirit, popularly referred to as petrol.

The Team’s Leading Branding and Communications Officer, Anthony Chiejina, made this recognized in a remark on Tuesday date reacting to a file with the headline “Marketers Project N600/litre for Dangote Petrol”.

The PUNCH had reported that Free petroleum entrepreneurs in Nigeria are hoping that the Dangote refinery will promote its petrol at N600 or N650/litre when it’s in any case immune into the marketplace.

Sellers beneath the aegis of the Free Petroleum Entrepreneurs Affiliation of Nigeria stated they imagine that the Dangote refinery would clash the cost of petrol because it did with diesel.

IPMAN Nationwide Vice President, Hammed Fashola, instructed our correspondent in an interview on Monday that the $20bn refinery would carry ill the price of gasoline if it will get the wanted help, particularly because it has to do with crude provide.

In keeping with him, the Nigerian Nationwide Petroleum Corporate Restricted, which is the only importer of petrol, has been promoting to entrepreneurs at N570/litre, however maximum IPMAN individuals purchase from personal deposit homeowners at N700 and above.

Alternatively, the Dangote refinery said that it does now not have any industry trade in with IPMAN and hasn’t ever mentioned the cost of petrol with the oil entrepreneurs.

It, subsequently, requested Nigerians and the overall family to forget about the announcement, describing it as speculative.

The remark learn, “Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” revealed in Punch Newspapers on Tuesday, August 13, 2024.

“We wish to explain that the Free Petroleum Entrepreneurs Affiliation of Nigeria isn’t our industry spouse but. Now we have by no means mentioned the cost of Top rate Motor Spirit with them, and they have got deny mandate or authority to talk for us, both for excellent or with the undisclosed transcript.

“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.”

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