Dangote Refinery Debunks Misleading Statement on PMS Pricing

PRESS STATEMENT

Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, claiming that we sell Premium Motor Spirit (PMS) at N898 per litre to the NNPCL.

This statement is both misleading and mischievous, clearly intended to undermine the milestone achievement recorded today, September 15, 2024, in addressing the energy insufficiency and insecurity that has plagued the Nigerian economy for the past 50 years.

We urge Nigerians to disregard this malicious claim and await a formal announcement on the pricing by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR. The committee will begin its operations on October 1, 2024. It is essential to note that our current crude stock was procured in dollars.

Additionally, we have sold these products to NNPCL in dollars, with significant savings compared to their current importation costs. As a result, petrol will be available in every local government area across the country, regardless of its remoteness.

We remain committed to ensuring the availability of quality petroleum products and ending the longstanding fuel scarcity in Nigeria.

Anthony Chiejina

Group Chief Branding and Communications

Officer

15th September, 2024