The management of Dangote Refinery has categorically denied reports that it has fixed the price of petrol at N600 per litre. The Independent Petroleum Marketers Association of Nigeria (IPMAN) had claimed that the refinery would sell petrol at N600 or N650 per litre when it begins operations.
However, in a statement issued on Tuesday, the Group Chief Branding and Communications Officer of Dangote Industries Limited, Anthony Chiejina, described the claim as speculative. He emphasized that the company has never discussed petrol prices with IPMAN and that they are not yet business partners.
Chiejina urged the public to disregard the speculative announcements and assured that the company will make official statements through its designated channels. He stated that the company’s attention was drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” published in Punch Newspapers on Tuesday, August 13, 2024.
The statement read: “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.”
This clarification comes as the Nigerian public is eagerly awaiting the commencement of operations at the Dangote Refinery, which is expected to significantly impact the country’s petroleum industry. The refinery, owned by Africa’s richest man, Aliko Dangote, is expected to reduce Nigeria’s reliance on imported fuel and create jobs.
The denial by Dangote Refinery has put to rest speculations about the price of petrol when the refinery begins operations. The company has assured that it will make official announcements through its designated channels, and the public should disregard any speculative reports.
The Dangote Refinery is a significant investment in Nigeria’s petroleum industry, and its operations are expected to have a positive impact on the economy. The company’s denial of fixing petrol prices at N600 per litre has reassured the public that it is committed to transparency and fairness in its operations.
