Dangote Refinery disclaimed the allegation of selling Premium Motor Spirit, PMS, also known as petrol between N1, 015 and N1, 028 per litre, tagging it unfound.
Oil marketers have stated yesterday that the petrol produced by the Dangote Petroleum Refinery is being sold between N1, 015 and N1, 028 per litre, and adjudged it reasonable to import the product from the international market whose landing cost as of October 31, 2024 was N978.01 per litre .
The Chief Corporate Communications Officer of Dangote Group, Tony Chiejina, however rebuffed the claim by the oil marketers, calling it a ‘fake news’.
Data released by the Major Energies Marketers Association of Nigeria on Thursday, showed that the landing cost of diesel was N1,069.97/litre, while that of aviation fuel was put at N1, 119.67/litre.
A major marketer who spoke to press men on the condition of anonymity, admitted that “Dangote is selling to bulk buyers at N1, 015/litre, but to marketers who are not buying in bulk, the refinery is selling at N1, 028/litre.”
However, the Publicity Secretary of Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Dr Joseph Obele, opinionated that Dangote petrol might be higher because the refinery was processing imported crude oil.
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