The Nigeria National Petroleum Company Ltd (NNPCL) announced on Saturday that the start of petrol lifting from the Dangote Refinery does not guarantee a reduction in fuel prices.
NNPCL is scheduled to begin lifting petrol from the Dangote Refinery on September 15.
Olufemi Soneye, the Chief Corporate Communications Officer for NNPCL, clarified that global market forces influence the pricing of petroleum products from any refinery, including Dangote Refinery Ltd.
Soneye emphasized that domestic refining of petrol does not necessarily lead to lower prices. He addressed concerns arising from recent claims about NNPCL’s intentions regarding the Dangote Refinery.
ALSO READ:Omo-Agege celebrates Sola Adebayo’s mother at 90
The company’s statement comes in response to a press release from the Muslim Rights Concern (MURIC). MURIC alleged that NNPCL’s actions are undermining the Dangote Refinery, suggesting that recent changes in the pump price of Premium Motor Spirit (PMS) could prevent the refinery from offering competitive prices and implying that NNPCL may be monopolizing the offtake of products from the refinery.
Soneye reassured that the pricing structure remains subject to global market dynamics, and refuted claims of NNPCL’s exclusive control over the Dangote Refinery’s output.
