Dangote, NNPCL at war over N898 PMS price - ITREALMS

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Dangote Group has refuted claims that it sales Premium Motor Spirit (PMS) at N898 per litre to the Nigerian National Petroleum Corporation Limited (NNPCL), drawing a battle line, reports ITREALMS.

Group Chief Branding and Communications Officer, Mr. Anthony Chiejina in a press statement available to ITREALMS, described such as 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.

"Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL," he said.

According to Chiejina, urging 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.

He recalled that Dangote sold the products to NNPCL in dollars with a lot of savings against what they are currently importing, stressing that with this action, there will be petrol in every local government area of the country regardless of their remote nature.

"We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country," he maintained.