Why Nigerians Ought to Ignore N898 Petrol Worth – Dangote Clarifies

Dangote Refinery
Dangote Refinery

Why Nigerians Ought to Ignore N898 Petrol Worth – Dangote Clarifies

Dangote Group of corporations has urged Nigerians to await formal announcement on the pricing on Naira-based crude gross sales to native refineries, which is able to start on October 1, 2024, whereas disregarding stories claiming its refinery bought petrol to Nationwide Petroleum Company (NNPC) Restricted at N898.

The declare, it stated was deceptive, mischievous and a deliberate try and undermine the Company’s resolve to make the nation power enough.

This was contained in a press assertion signed the Dangote Group Chief Branding and Communications, Officer Anthony Chiejina, obtained by Financial Confidential on Sunday.

The memo reads “Our consideration has been drawn to an announcement attributed to NPCL spokesperson, Mr. Olufemi Soneye, that we promote our PMS at N898 per litre to the NPCL.

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“This assertion is each deceptive and mischievous, intentionally aimed toward undermining the milestone achievement recorded right this moment, September 15, 2024, in the direction of addressing power insufficiency and insecurity, which has bedeviled the economic system up to now 50 years.

“We urge Nigerians to ignore this malicious assertion and await a proper announcement on the pricing, by the Technical Sub-Committee on Naira-based crude gross sales to native refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which is able to start on October 1, 2024, making an allowance for that our present inventory of crude was procured in {dollars}.

“It also needs to be famous that we bought the merchandise to NNPCL in {dollars} with a variety of financial savings in opposition to what they’re at the moment importing. With this motion, there will likely be petrol in each native authorities space of the nation no matter their distant nature.

“We guarantee Nigerians of availability of high quality petroleum product and placing an finish to the endemic gasoline shortage within the nation”, the assertion reads partially.

Financial Confidential had earlier reported that the Naira-based crude gross sales to native refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, will start on October 1, 2024,

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