By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Dangote Refinery Denies NNPC’s ₦898/Litre Petrol Price Claim
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Energy & OilTop stories

Dangote Refinery Denies NNPC’s ₦898/Litre Petrol Price Claim

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: September 15, 2024
Share
3 Min Read
Dangote Refinery
Dangote Refinery
SHARE

Dangote Refinery has refuted claims by the Nigerian National Petroleum Company Limited (NNPC Ltd.) that it sold Premium Motor Spirit (PMS), commonly known as petrol, at ₦898 per litre, Okay.ng reports.

In a statement released on Sunday, the refinery described the NNPC’s assertion as “misleading” and “mischievous.”

The company’s spokesperson, Anthony Chiejina, urged Nigerians to disregard the NNPC’s announcement and await an official pricing declaration from the Technical Sub-Committee on Naira-based Crude Sales to Local Refineries, appointed by President Bola Ahmed Tinubu.

“Our attention has been drawn to a statement attributed to NNPC Ltd. spokesperson, Mr. Olufemi Soneye, that we sell our PMS at ₦898 per litre to the NNPC,” the statement read.

- Advertisement -

“This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years.”

The controversy began when NNPC Ltd.’s spokesperson, Olufemi Soneye, told journalists that the company purchased petrol from Dangote Refinery at ₦898 per litre during the initial loading of trucks.

“We successfully loaded PMS at the Dangote Refinery today,” Soneye said. “The claim that we purchased it at ₦760 per litre is incorrect. For this initial loading, the price from the refinery was ₦898 per litre.”

However, Dangote Refinery countered this claim, emphasizing that their current stock of crude was procured in dollars and that the products were sold to NNPC Ltd. in dollars, resulting in significant savings compared to current import costs.

- Advertisement -

“We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars,” the refinery’s statement continued.

The refinery also highlighted its commitment to alleviating fuel scarcity in Nigeria.

“It should also be noted that we sold the products to NNPC Ltd. in dollars with a lot of savings against what they are currently importing. With this action, there will be petrol in every local government area of the country regardless of their remote nature,” the statement added.

“We assure Nigerians of the availability of quality petroleum products and putting an end to the endemic fuel scarcity in the country.”

The initial lifting of petrol from the 650,000 barrels-per-day Dangote Refinery commenced on Sunday, with over 100 trucks loaded for distribution around the country.

Located in the Ibeju-Lekki area of Lagos State, the refinery is expected to significantly boost domestic fuel supply.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:₦898 per litreAnthony ChiejinaDangote RefineryNNPC Ltd.Olufemi SoneyePetrol Price
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Obasanjo Visits IBB, Aliyu Gusau in Minna
Next Article Petrol Sold to NNPC in Dollars, Not Naira – Dangote Refinery

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,550.00
Sell₦1,565.00
GBP
Buy₦1,760.00
Sell₦1,790.00
EUR
Buy₦2,135.00
Sell₦2,170.00

Updated: 13 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Elon Musk
Elon Musk Announces America Party Formation, Declares ‘You Shall Have It’
International
Tax Reforms committee
Nigeria’s Tax Reform Journey Continues, Says Committee Chairman Taiwo Oyedele
Economy
MTN Mega Billion Promo: How Nigerians Are Winning Big
Partners
As Nigerian Banks Resume Naira Debit Card International Transactions: Limits You Should Know
News
Former Nigerian Army Chief Advocates for Compulsory Military Training
News
- Advertisement -
Ad imageAd image

You May Also Like

PoliticsTop stories

NNPP Declares Rabiu Kwankwaso Will Not Contest 2027 Presidency on Its Platform

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 5, 2025
NSA Nuhu Ribadu
Security

Tinubu Administration Making Headway Against Nigeria’s Security Challenges, NSA Ribadu Affirms

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 5, 2025
Politics

Aregbesola Warns ADC Supporters Against Insults, Urges Fact-Based Engagement with APC

Muhammad A. Aliyu
Muhammad A. Aliyu
July 5, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?