The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery yesterday disagreed over the pricing of petrol to be supplied by the refinery.
The disagreement came against the backdrop of the first lifting of the product from the refinery by NNPCL.
Although NNPCL got the first supply at N898 per litre, Dangote said the price was not reflective of any agreement on the pricing of its product.
Dangote argued that it sold the initial supplies for N898 per litre because the crude was imported for refining, hence it was selling at dollar equivalence.
In a statement, Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote, described the claims by NNPCL that it got the product for N898 per litre as “misleading and mischievous”.
Dangote stated: “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 President Bola Ahmed Tinubu, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars.”
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