Home Business Energy Dangote frowns At NNPCL Statement On Fuel Pricing
Energy

Dangote frowns At NNPCL Statement On Fuel Pricing

Share
Share

Dangote Refinery has reacted to  a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that it sells PMS at N898 per litre to the NNPCL, saying it was both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded o September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years.

A statement by Anthony Chiejina, Group Chief Branding and Communications Officer said, “We urge Nigerians to disregard this malicious statement 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, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars.

“It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing.  With this action, there will be petrol in every local government area of the country regardless of their remote nature.

“We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country.”

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Seplat Energy’s Nine Months Operating Profit Jumps To N411.3billion In 2024

Seplat Energy PLC has released its unaudited results for the for the...

Shell To Acquire combined-cycle Power Plant In Priority U.S. Trading Market

PRESS RELEASE—Shell Energy North⁵ (SENA), a subsidiary of Shell plc (Shell), has...

Seplat Gets FG Nod To Acquire 100% Stake In ExxonMobil

BY NKECHI NAECHE ESEZOBOR--The federal government has granted official approval for Seplat...

NCDMB, UBEC Sign MoU On Smart Schools Initiative

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic...