Dangote breaks silence on how much it sold petrol to NNPCL

Dangote Refineries has dismissed as misleading and mischievous the claims that it sold petrol to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre.

BAR & BENCH WATCH reports that petrol product was lifted from Dangote refinery on Sunday.

The NNPCL spokesperson, Mr. Olufemi Soneye, reportedly stated that Dangote sold its petrol  at N898 per litre to the NNPCL.

But in a statement on Sunday night by Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote said the statement was misleading and mischievous.

It explained that a formal announcement on the pricing would be announced when Naira-based crude sales commences in October.

It however explained that what was sold to the NNPCL in dollars came with a lot of savings against what they are currently importing.

The full statement reads:

“Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.

“This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years.

“We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars.

“It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing.  With this action, there will be petrol in every local government area of the country regardless of their remote nature.

“We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country,” the statement added.