NNPCL would reportedly commence lifting petrol from the refinery on September 15.
In a statement by its spokesman, Olufemi Soneye, the company said the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces.
Soneye, NNPCL’s Chief Corporate Communications Officer, said that there is no guarantee of lower prices associated with domestic refining of the products in the country.
“The pricing of petroleum products from any refinery, including the Dangote Refinery Ltd. (DRL), is determined by global market forces,” he said.
Soneye’s response comes amid rumours that the company is attempting to monopolise the offtake of all products from the Dangote Refinery Ltd.
“The attention of the NNPC Ltd has been drawn to a press release by the Muslim Rights Concern, MURIC, which claims that the Dangote Refinery Limited (DRL) is being undermined by actions of the Nigerian National Petroleum Company Limited (NNPC Ltd).
“Specifically, MURIC asserts that recent changes to the pump price of Premium Motor Spirit (PMS) will prevent the Dangote Refinery from offering lower prices and that NNPC Ltd. has become the sole offtaker of all products from the refinery,” he stated.
Star Life's new series, Saras & Kumud teasers November 2024, can be accessed below. …
Polaris Bank clinched the "Best Mobile App" award at the Digital Jurist Awards 2024. …
Access Holdings’ total assets grew to ₦41.1 trillion in Q3. Glamtush reports that Access…
Nigeria has been ranked fifth globally in daily social media usage. Glamtush reports that…
Saraswatichandra, retitled Saras & Kumud, is Star Life’s upcoming series, which is a shift from…
The top summary from Nigerian newspapers for Monday, November 4th, 2024, can be accessed on…