Dangote refinery: No Guarantee Of Lesser Prices  – NNPCL

The Nigeria National Petroleum Company Limited (NNPC) has told Nigerians not to expect reduction in the price of Premium Motor Spirit, popularly called petrol even as it is set to begin lifting petrol from the Dangote refinery.

NNPCL stated this on Saturday, noting that there is no guarantee of lower price.

NNPCL would reportedly commence lifting petrol from the refinery on September 15.

NNPC spokesman, Olufemi Soneye, in a statement, said the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces.

Soneye said there is no guarantee of lower prices associated with domestic refining of the products in the country.

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“The pricing of petroleum products from any refinery, including the Dangote Refinery Ltd. (DRL), is determined by global market forces,” he said.

Soneye’s response comes amid rumours that the company is attempting to monopolise the offtake of all products from the Dangote Refinery Ltd.

“The attention of the NNPC Ltd has been drawn to a press release by the Muslim Rights Concern, MURIC, which claims that the Dangote Refinery Limited (DRL) is being undermined by actions of the Nigerian National Petroleum Company Limited (NNPC Ltd).

“Specifically, MURIC asserts that recent changes to the pump price of Premium Motor Spirit (PMS) will prevent the Dangote Refinery from offering lower prices and that NNPC Ltd. has become the sole offtaker of all products from the refinery,” he stated.