The Dangote Petroleum Refinery has refuted claims that it is selling Premium Motor Spirit (PMS), commonly known as petrol, at prices ranging from N1,015 to N1,028 per litre.
The refinery labeled the information as “fake news”, according to a statement from Tony Chiejina, the Chief Corporate Communications Officer of the Dangote Group.
The claims surfaced after oil marketers alleged that petrol produced by the Dangote Refinery was being sold at these elevated prices.
They added that importing the product from the international market would be more economical, given that the landing cost for petrol stood at N978.01/litre as of October 31, 2024.
Chiejina, however, dismissed these allegations, maintaining that the claims were baseless.
Data released by the Major Energies Marketers Association of Nigeria on Thursday showed that the landing cost of diesel stood at N1,069.97/litre, while aviation fuel was priced at N1,119.67/litre.
A major oil marketer, who spoke anonymously, claimed that the Dangote Refinery was selling to bulk buyers at N1,015/litre and to smaller buyers at N1,028/litre. He stated: “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.”
Meanwhile, Dr. Joseph Obele, the Publicity Secretary of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), commented that Dangote’s petrol prices might be higher because the refinery was processing imported crude oil.
