WATCH THE VIDEO HERE THE management of Dangote Refinery has refuted claims of a fixed petrol price of ₦600 per litre, labeling these reports as “speculative announcements” without any foundation. This clarification was provided in a statement issued yesterday by Anthony Chiejina, the Group Chief Branding and Communications Officer of Dangote Industries Limited. The denial follows reports from various publications suggesting that the refinery was in discussions with oil marketers, indicating that petrol prices could drop to ₦600 per litre. The company however, stressed that it has not entered into any partnership with the Independent Petroleum Marketers Association of Nigeria (IPMAN) and will utilize official channels for communications. The statement reads, “We are aware of headlines stating ‘Marketers Project N600/litre for Dangote Petrol’ published in Punch Newspapers on Tuesday, August 13, 2024.” “We wish to clarify that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is not yet a business partner of ours.” Furthermore, the statement added, “We have never engaged in discussions regarding the price of Premium Motor Spirit (PMS) with them, and they do not have the authority to represent us in any capacity.” “We encourage the public to refrain from relying on such speculative announcements. We have our official channels to convey our views to our stakeholders.”
We did not fix ₦600/litre petrol price — Dangote
