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Dangote Refinery Disputes NNPC’s ₦898 Per Litre Claim, Refuses to Disclose Actual Price.
The Dangote Refinery has challenged the claim made by the Nigerian National Petroleum Company Limited (NNPCL) that it sold petrol to the company at ₦898 per litre, but stopped short of revealing its own selling price.
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In a statement released on Sunday by its Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery described the NNPCL’s statement as “misleading and mischievous,” claiming it was an attempt to undermine the refinery’s efforts in addressing Nigeria’s energy insufficiency.
Olufemi Soneye, NNPC’s Chief Corporate Communications Officer, told *PREMIUM TIMES* in an interview that NNPCL purchased 16.8 million litres of petrol from the Dangote Refinery at ₦898 per litre, attributing the price to market forces.
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However, the Dangote Refinery urged Nigerians to await an official announcement on pricing by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by President Bola Ahmed Tinubu, which is scheduled to begin on October 1, 2024.
The statement also pointed out that the current stock of crude was purchased in dollars and sold to NNPCL in dollars, resulting in significant savings compared to imported fuel. Despite the controversy, the refinery assured Nigerians of a steady fuel supply across the country.
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This pricing dispute follows directives from the Federal Executive Council (FEC) in July, mandating NNPCL to negotiate crude oil sales to local refineries, including Dangote, in naira. The refinery began producing petrol earlier in September, with NNPCL being its sole buyer.
As of Sunday, NNPCL had deployed approximately 300 trucks to lift petrol from the refinery, aiming to enhance Nigeria’s fuel supply.
