Dangote Refinery has challenged the declare by the Nigerian Nationwide Petroleum Firm Restricted (NNPC Ltd) that it purchased petrol from its refinery at N898 per litre.
Nonetheless, the Dangote Refinery in an announcement by its Group Chief Branding and Communications Officer, Anthony Chiejina, on Sunday, additionally did not disclose the worth at which it offered the product to NNPC Ltd.
On Sunday, Olufemi Soneye, the chief company communications officer of the NNPC Ltd, advised PREMIUM TIMES in an interview that the corporate purchased petrol from Dangote refinery at N898 per litre.
Mr Soney stated market forces now decide home pump costs.
“What you must perceive is that it’s market forces that decide the worth. For example, now Brent is $70. Let’s say tomorrow now, Brent goes to $80, you need to notice that the worth can even enhance as a result of these are the market forces.
“However at this time, for this preliminary 16.8 million litre that was given to us, it was on the charge of N898,” Mr Soneye advised PREMIUM TIMES on Sunday night.
Dangote Refinery reacts
Nonetheless, in its response on Sunday, the Dangote Refinery described the declare as “deceptive and mischievous”, geared toward undermining the refinery’s achievement in addressing Nigeria’s power insufficiency.
Article Web page with Monetary Help Promotion
The refinery urged Nigerians to ignore the “malicious assertion” and await a proper announcement on the pricing by the Technical Sub-Committee on Naira-based crude gross sales to native refineries, appointed by President Bola Ahmed Tinubu, which is able to start on 1 October 2024.
It famous that its present inventory of crude was procured in {dollars} and offered to NNPC in {dollars}, leading to important financial savings in comparison with present imports.
“Our consideration has been drawn to an announcement attributed to NNPCL spokesperson, Olufemi Soneye, that we promote our PMS at N898 per litre to the NNPCL. This assertion is each deceptive and mischievous, intentionally geared toward undermining the milestone achievement recorded at this time, September 15, 2024, in direction of addressing power insufficiency and insecurity, which has bedeviled the financial system previously 50 years.
“We urge Nigerians to ignore this malicious assertion and await a proper announcement on the pricing, by the Technical Sub-Committee on Naira-based crude gross sales to native refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which is able to start on October 1, 2024, allowing for that our present inventory of crude was procured in {dollars}.
“It also needs to be famous that we offered the merchandise to NNPCL in {dollars} with plenty of financial savings in opposition to what they’re presently importing. With this motion, there shall be petrol in each native authorities space of the nation no matter their distant nature. We guarantee Nigerians of availability of high quality petroleum merchandise and placing an finish to the endemic gas shortage within the nation,” the assertion stated.
The assertion by Mr Chiejina nonetheless failed to inform Nigerians the worth at which the refinery offered its petrol to NNPC Ltd.
It urged Nigerians to ignore NNPC’s declare and await a proper announcement on the pricing by the Technical Sub-Committee on Naira-based crude gross sales to native refineries, appointed by President Bola Ahmed Tinubu, which is able to start on 1 October.
The corporate didn’t say if the petrol presently being lifted from its facility wouldn’t be offered till 1st October.
When PREMIUM TIMES reached out to Mr Chiejina for remark Sunday evening, he promised to get again. He has but to take action as of press time Sunday evening.
Background
In July, the Federal Government Council directed NNPC Ltd to interact the Dangote refinery and different native refineries to resolve the dispute over the sale of crude oil to them.
The FEC, presided over by President Bola Tinubu, additionally directed that such crude oil gross sales to the refineries be made in naira and that the refineries positioned in Nigeria also needs to promote their refined merchandise to the Nigerian market in naira.
Earlier in September, Devakumar Edwin, vp at Dangote Industries Restricted, stated the 650,000 barrels per day Dangote Refinery has begun the processing of petrol.
Mr Edwin defined that the NNPC Restricted would purchase its product completely.
On Friday, the Nigerian authorities introduced that loading of petrol from Dangote Refinery will start on Sunday.
The federal government stated petrol from the Dangote refinery would solely be offered to NNPC Ltd which might then promote to numerous entrepreneurs within the brief time period.
READ ALSO: NNPCs declare on our petrol worth deceptive and mischievous, Dangote Refinery
On Saturday the state-owned oil firm stated it deployed over 100 vans as of Saturday afternoon. Confirming the event, Mr Soneye stated by the top of Saturday, at the very least 300 vans could be stationed on the refinery’s gas loading gantry.
On Sunday, the NNPC launched movies displaying its vans loading petrol from the refinery.
The refinery is predicted to considerably enhance Nigeria’s gas provide stability.
Help PREMIUM TIMES’ journalism of integrity and credibility
At Premium Instances, we firmly imagine within the significance of high-quality journalism. Recognizing that not everybody can afford pricey information subscriptions, we’re devoted to delivering meticulously researched, fact-checked information that continues to be freely accessible to all.
Whether or not you flip to Premium Instances for day by day updates, in-depth investigations into urgent nationwide points, or entertaining trending tales, we worth your readership.
It’s important to acknowledge that information manufacturing incurs bills, and we take delight in by no means inserting our tales behind a prohibitive paywall.
Would you take into account supporting us with a modest contribution on a month-to-month foundation to assist preserve our dedication to free, accessible information?
Make Contribution
TEXT AD: Name Willie – +2348098788999
