Dangote Refinary has debunked claims that Nigerian National Petroleum Company (NNPC) had commenced lifting refined Premium Motor Spirit (PMS) from its refinery in Lagos, contrary to report that the indigenous oil company was already supplying petroleum to NNPC.
It also stated that the contract with NNPC were yet to be finalized, adding that, the PMS market is regulated, and that prices were determined by government, not oil marketers and stakeholders.
Dangote refinery in a statement released on Thursday by its chief communication officer, Anthony Chiejina, clarified that Dangote refinery has not started supplying petroleum to NNPC as been speculated in the news and that there were ways prices of the product could be determined by their oil company
He said: “Our attention has been drawn to a headline “NNPC lifts Dangote petrol sells at 887 per liter” published in the business day newspaper of Wednesday sept 4″
“We would like to state that NNPC has not commenced lifting of refined premium motor spirit (PMS) commonly known as petrol from our Dangote petroleum refinery”
“Therefore, the issue of fixing the price of petrol lifted from our refinery does not arise as we are yet to finalize our contract with NNPC”
“The PMS market is strictly regulated which is known to all oil marketers and stakeholders in the sector, hence we can not determine, fix or influence the production price, which falls under the purview of relevant government authorities”.
