Is Dangote Refinery Promoting Petrol to NNPC for ₦897 a Litre? 

The thrill in regards to the Dangote Refinery and NNPC’s supposed petrol dealings has been happening and on for the reason that gasoline shortage hit the road. What is de facto taking place is that there have been rumors that the Nigerian Nationwide Petroleum Company (NNPC) has been scooping up petrol from the Dangote Refinery at a steep ₦897 per litre. 

This sounds expensive, proper? However Dangote the refinery says that’s not the case in any respect.

What actually occurred

Aliko Dangote, Africa’s richest man, simply showcased a pattern of petrol straight from his shiny new $20 billion refinery. That’s a giant deal as a result of it guarantees to remodel Nigeria’s gasoline panorama. 

But, amidst this pleasure, some experiences obtained the story twisted, claiming NNPC was already shopping for this petrol at a premium fee.

The Dangote Group stepped in shortly to set issues straight. Their spokesperson, Anthony Chiejina, made it clear: “We want to state that NNPC has not commenced lifting of refined Premium Motor Spirit (PMS), generally generally known as petrol, from our Dangote Petroleum Refinery.” So, for those who have been questioning, no petrol has modified fingers simply but, particularly not at that value.

And talking of costs, the Dangote Group emphasised that they’re nonetheless in talks with NNPC. No last value has been stamped on these petrol barrels. 

“The problem of fixing the value of petrol lifted from our refinery doesn’t come up, as we’re but to finalize our contract with NNPC,” Chiejina defined.

It’s necessary to do not forget that in Nigeria, the federal government performs a giant position in regulating gasoline costs, not non-public firms. 

The Dangote Group wished to remind everybody that they don’t set the costs; they simply observe the foundations like everybody else within the trade.

What’s the underside line? 

The Dangote Refinery is gearing as much as pump out high-quality petrol that would attain each nook of Nigeria, boosting provide and hopefully making gasoline extra accessible for everybody. However for now, let’s not get tangled in rumors. The refinery has confirmed that any information about NNPC shopping for petrol at ₦897 a litre is solely not true. 

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