Dangote Refinery dismisses speculation on petrol pricing, urges public to rely on official channels


The Dangote Petroleum Refinery has denied reports claiming it has set the petrol price at N600 per litre, as stated in a recent Punch Newspapers article. 

Anthony Chiejina, Group Chief Branding and Communications Officer, clarified that the Independent Petroleum Marketers Association of Nigeria (IPMAN) is not a business partner and has no authority to discuss petrol pricing on behalf of the refinery. 

He urged the public to avoid speculative announcements and emphasized that official communications will come through their established channels.

Below is a 3-paragraph press statement issued by the company to the effect and titled:

We have not fixed Petrol Price

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

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

Signed: Anthony Chiejina,

Group Chief Branding and Communications Officer

13th August, 2024

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