WE DID NOT FIX N600/LITRE PETROL PRICE — DANGOTE

August 14, 2024August 14, 2024

Read Time:1 Minute, 4 Second

The management of the Dangote Refinery has dismissed reports of a fixed petrol price of ₦600/litre, calling them “speculative announcements” with no basis.

A statement signed on Tuesday by the Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina, emphasized that it has not partnered with the Independent Petroleum Marketers Association of Nigeria (IPMAN) and will communicate through official channels.

The denial comes following reports by some publications, that the refinery was in talks with oil marketers, and that petrol may sell for as low as ₦600 per litre.

It states, “Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol,” published in Punch Newspapers on Tuesday, August 13, 2024.

“We would like to clarify that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet.

He further said, We have never discussed the price of Premium Motor Spirit (PMS) with them, and they have no mandate or authority to speak for us, either for good or with a hidden transcript.

KANO CP ENCOURAGES 181 NEWLY PROMOTED OFFICERS TO FIGHT CRIME

“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.”