The management of Dangote Oil Refinery and Petrochemicals in Lagos State has debunked a report that it has fixed the price of Premium Motor Spirit (PMS), otherwise known as petrol.
A national newspaper had reported that the Independent Petroleum Marketers Association of Nigeria (IPMAN) expressed hope that the Dangote refinery will sell its petrol at N600 or N650/litre when it is finally released into the oil market.
It further quoted IPMAN as expressing a belief that the Dangote refinery would crash the price of petrol as it did with diesel.
Speaking on the report, the Dangote refinery, in a statement issued by the Group Chief Branding and Communications Officer, Anthony Chiejina, on Tuesday, August 13, 2024, said IPMAN has yet to become the refinery’s business partner.
OPEC: Dangote refinery fuel supplies’ll disrupt Europe’s oil industry
Chiejina added that the company has never discussed the price of petrol with the oil marketers.
He stated: “Our attention has been drawn to headlines announcing ‘Marketers Project N600/litre for Dangote Petrol’ published in Punch Newspapers of Tuesday, August 13, 2024.
“We would like to clarify that Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet. We have never discussed 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.
“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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