Dangote Refinery has refuted claims that it is selling Premium Motor Spirit (PMS), also known as petrol, at prices of N1,015 and N1,028 per litre, dismissing these reports as “fake news.”
According to Naija News, oil marketers recently suggested that the refinery’s petrol prices were higher than import costs, estimated at N978.01 per litre as of October 31, 2024. These marketers argued that it might be more economical to import petrol than to purchase it locally from Dangote Refinery, whose bulk price reportedly stands at N1,015 per litre, with smaller quantities priced at N1,028.
The Major Oil Marketers Association of Nigeria disclosed that recent data show landing costs for petrol, diesel, and aviation fuel have surged to N978.01, N1,069.97, and N1,119.67 per litre, respectively. Despite industry demands, Dangote Refinery has not publicly shared its official petrol prices, fueling speculation.
In response to the claims, Tony Chiejina, Chief Corporate Communications Officer of Dangote Group, stated that the information circulating about their prices is false.
