The administration of the Dangote petroleum refinery has said that it has fastened the value of the Premium Motor Spirit, popularly known as petrol.
The Group’s Chief Branding and Communications Officer, Anthony Chiejina, made this identified in a press release on Tuesday whereas reacting to a report with the headline “Marketers Project N600/litre for Dangote Petrol”.
The PUNCH had reported that Independent petroleum entrepreneurs in Nigeria are hoping that the Dangote refinery will promote its petrol at N600 or N650/litre when it’s lastly launched into the market.
Dealers beneath the aegis of the Independent Petroleum Marketers Association of Nigeria mentioned they consider that the Dangote refinery would crash the value of petrol because it did with diesel.
IPMAN National Vice President, Hammed Fashola, instructed our correspondent in an interview on Monday that the $20bn refinery would deliver down the price of gas if it will get the wanted help, particularly because it has to do with crude provide.
According to him, the Nigerian National Petroleum Company Limited, which is the only real importer of petrol, has been promoting to entrepreneurs at N570/litre, however most IPMAN members purchase from non-public depot house owners at N700 and above.
However, the Dangote refinery said that it doesn’t have any enterprise cope with IPMAN and has by no means mentioned the value of petrol with the oil entrepreneurs.
It, subsequently, requested Nigerians and most people to disregard the announcement, describing it as speculative.
The assertion learn, “Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” revealed in Punch Newspapers on Tuesday, August 13, 2024.
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“We wish to make clear that the Independent Petroleum Marketers Association of Nigeria will not be our enterprise associate but. We have by no means mentioned the value of Premium Motor Spirit with them, they usually don’t have any mandate or authority to talk for us, both for good or with the 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.”