Dangote Limited has officially denied setting the price of petrol from its Lagos-based refinery at ₦600 per litre, following statements from the Independent Petroleum Marketers Association of Nigeria (IPMAN).
In a statement released on Tuesday night by the Group Chief Branding and Communications Officer, Anthony Chiejina, the company clarified that no official price has been determined for petrol from the refinery. This denial comes after IPMAN speculated that petrol from the Dangote Refinery would be sold at ₦600 to ₦650 per litre, similar to the effect the refinery had on diesel prices.
IPMAN’s National Vice President, Hammed Fashola, had suggested that the $20 billion refinery could help lower fuel costs if supported with adequate crude oil supplies. However, Dangote Limited emphasized that it has not engaged in any pricing discussions with IPMAN, nor has the association been authorized to speak on its behalf.
The company urged the public to disregard the speculative prices and wait for an official announcement regarding the petrol pricing.
