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Dangote Refinery Denies Setting Petrol Price

The Dangote Refinery has dismissed reports suggesting that it has already fixed the price of petrol also known as Premium Motor Spirit (PMS). 

In a statement on Tuesday night by the Group’s Chief Branding and Communications Officer, Anthony Chiejina, the company clarified that no decision has been made regarding the price of Premium Motor Spirit (PMS).

“Our attention has been drawn to headlines announcing “Marketers Project N600/litre for Dangote Petrol” published in Punch Newspapers on Tuesday, August 13, 2024,” the Company said.

“We would like to clarify that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet. We have never discussed the price of Premium Motor Spirit (PMS) with them, and they have no mandate or authority to speak for us, either for good or with a hidden transcript”.

“We urge the public to desist from such speculative announcements. We have our official channels through which we make our views known to our stakeholders,” the Company added.

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