Dangote Refinery Denies N600/Litre Price, Slams Speculation

Dangote Refinery has issued a strong denial against claims that it has set the price of Premium Motor Spirit (PMS) at N600 per litre, dismissing the reports as speculative and inaccurate.

The clarification came in response to recent headlines suggesting that the Independent Petroleum Marketers Association of Nigeria (IPMAN) had projected a price of N600 per litre for petrol at the Dangote Refinery.

According to Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Refinery, such statements are unfounded.

“We would like to clarify that IPMAN is not our business partner, and as such, has no authority to discuss or set prices for our products,” Chiejina said in a statement released early Tuesday.

“We have never had any discussions with them regarding the price of PMS, and they do not have the mandate to speak on our behalf.”

The refinery emphasized that any announcements regarding pricing will be made through its official communication channels.

Dangote Refinery urged the public to rely on verified information and avoid spreading unfounded rumors.

The recent controversy comes amid ongoing discussions and speculation about petrol prices and the broader implications of the new refinery’s operations.

The Dangote Refinery, poised to be one of the largest in Africa, is expected to significantly impact Nigeria’s oil and gas sector, potentially altering the dynamics of fuel pricing in the country.

Chiejina’s statement reflects the refinery’s commitment to transparency and accuracy, reinforcing its stance against misinformation.

As Nigeria continues to grapple with issues related to fuel pricing and supply, the refinery’s position underscores the importance of reliable sources and official announcements in shaping public understanding and expectations.

With the refinery’s operations closely watched, Dangote Refinery’s denial seeks to quell any confusion and assert control over its communications, ensuring that stakeholders and the general public receive accurate and timely information.