Sunday, September 8, 2024 -The Nigeria National Petroleum Company Ltd (NNPCL) has said there is no guarantee of a lower price as it begins lifting petrol from the Dangote refinery on September 15.
In a statement released by its spokesman, Olufemi Soneye on
Saturday, September 7, the company said the pricing of petroleum products from
any refinery, including the Dangote Refinery Ltd, is determined by global
market forces. According to Soneye, there is no guarantee of lower prices
associated with domestic refining of the products in the country.
“The pricing of petroleum products from any refinery, including
the Dangote Refinery Ltd. (DRL), is determined by global market forces,” he
said.
Soneye’s response comes amid rumours that the company is
attempting to monopolise the offtake of all products from the Dangote Refinery
Ltd.
“The attention of the NNPC Ltd has been drawn to a press release
by the Muslim Rights Concern, MURIC, which claims that the Dangote Refinery
Limited (DRL) is being undermined by actions of the Nigerian National Petroleum
Company Limited (NNPC Ltd).
Specifically, MURIC asserts that recent changes to the pump price
of Premium Motor Spirit (PMS) will prevent the Dangote Refinery from offering
lower prices and that NNPC Ltd. has become the sole off-taker of all products
from the refinery,” he said
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