PMS Pricing: Dangote refinery disagrees with NNPCL


The Dangote refinery has refuted claims by the spokesperson of the Nigeria National Petroleum Company Ltd (NNPCL), Olufemi Soneye, that it sold its Premium Motor Spirit (PMS) at N898 per litre to the NNPCL.

This rebuttal is contained in a statement issued by the Group's Chief Branding and Communications Officer, Anthony Chiejina.

Below is the full statement:

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 bedevilled 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 the availability of quality petroleum products and putting an end to the endemic fuel scarcity in the country.

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