Dangote Group has denied reports that it has set the pump price of petrol at N600 per liter for sale to marketers nationwide.
Gatekeepers News reports that in a statement, spokesperson Anthony Chiejina clarified that the speculation reported by a national daily is “not reflective of the refinery’s position.”
Chiejina emphasised that the Independent Petroleum Marketers Association of Nigeria (IPMAN) has no authority to speculate on the price at which the management intends to sell petrol. He stated that IPMAN is not affiliated with the refinery.
“Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” published in Punch Newspapers of Tuesday August 13, 2024.
“We would like to clarify that Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet.
“We have never discussed price of Premium Motor Spirit (PMS) with them, and they have no mandate or authority to speak for us, either for good or with hidden transcript.
“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,” Chiejina said.
Earlier reports suggested that marketers expected the Dangote Refinery to sell petrol at N600 per liter, citing IPMAN’s confidence that the refinery would lower petrol prices, similar to its impact on diesel prices. However, IPMAN leader Hammed Fashola revealed that discussions with refinery officials are ongoing, saying, “The discussion continues. We are on course. I think very soon we will conclude the discussion. We are waiting.”
