The Dangote Refinery has issued a statement on a report alleging that the Nigerian National Petroleum Company Limited (NNPC) has begun lifting from its facility in Lagos.
The company revealed this in a statement signed by Anthony Chiejine, the company’s Group Chief Branding and Communications Officer.
According to the statement, the NNPC has yet to commence product lifting at the refinery, let alone setting a price, stating that the PMS market is heavily regulated.
The refinery stated that it cannot determine, fix, or influence the product price, which falls under the purview of relevant government agencies.
The statement partly reads:
TimesNow.com.ng reported that the NNPC increased the price of petrol across the country by 37% at N855 and N897 per litre, leading to a public outrage.
The Presidency revealed in a statement on Tuesday, September 3, 2024, that the NNPC’s reported increase in PMS price was not intended to mislead the Nigerian public, given that organised labour reached an agreement with the government on a new national minimum wage.
An aide to the President on Information and Strategy, Bayo Onanuga, stated this while clarifying the recent increase in the pump price of PMS across the country.
Onanuga disclosed via his X handle that media reports accusing the government of misleading Nigerians about petrol subsidy payments were untrue, claiming that the government had been faithful to its policy of deregulating the downstream sector.
The Special Adviser to Tinubu noted that on May 29, 2023, the President announced that the fuel subsidy was gone, stating that the statement stands true.
TimesNow.com.ng earlier reported that the Dangote Refinery is set to introduce the sale of Premium Motor Spirit (PMS), also known as petrol, into the Nigerian market.
The development comes a few days after the plant began the petrol production test run.
Reports say industry sources confirmed that the product would be available in the market very soon.
Proofread by Kola Muhammed, journalist and copyeditor at TimesNow.com.ng
Source: TimesNow.com.ng
