The Nigeria National Petroleum Company Ltd (NNPCL) has stated that there is no assurance of a lower petrol price as it begins lifting petrol from the Dangote refinery on September 15.
In a statement released on Saturday, September 7, by its spokesman, Olufemi Soneye, the company clarified that the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces. Soneye emphasised that domestic refining does not necessarily guarantee lower prices.
“The pricing of petroleum products from any refinery, including the Dangote Refinery Ltd (DRL), is determined by global market forces,” he stated.
Soneye’s remarks came in response to rumours that NNPCL is attempting to monopolise the offtake of all products from the Dangote Refinery Ltd.
“The attention of NNPC Ltd has been drawn to a press release by the Muslim Rights Concern (MURIC), which claims that the Dangote Refinery Ltd (DRL) is being undermined by actions of the Nigerian National Petroleum Company Ltd (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 off-taker of all products from the refinery,” he added.
