NNPCL boss M Kyari (file image)
The Nigeria National Petroleum Company Limited (NNPCL) has said that the privately owned Dangote Refinery would not reduce the pimp price of petrol in Nigeria.
NNPCL disclosed this on the heels of its readiness to start lifting petrol from the Dangote refinery on September 15.
In a statement on Saturday by its spokesman, Olufemi Soneye, the pricing of petroleum products from any refinery, including the Dangote Refinery Limited, is determined by global market forces.
Soneye, NNPCL’s Chief Corporate Communications Officer, insisted that there was no guarantee of lower prices associated with domestic refining of the products in the country.
“The pricing of petroleum products from any refinery, including the Dangote Refinery Ltd. (DRL), is determined by global market forces,” he said.
Also read: How NNPCL is causing fuel scarcity, by IPMAN
Soneye’s response comes amid rumours that the company is attempting to monopolise the offtake of all products from the Dangote Refinery Ltd.
“The attention of the NNPC Ltd has been drawn to a press release by the Muslim Rights Concern, MURIC, which claims that the Dangote Refinery Limited (DRL) is being undermined by actions of the Nigerian National Petroleum Company Limited (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 offtaker of all products from the refinery,” he stated.
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