By Abiola Olawale
As the Dangote Refinery begins rolling put of the Premium Motor Spirit (PMS) also known as Petrol, Nigerian business mogul and Chief Executive Officer of Dangote Industries Ltd, Alhaji Aliko Dangote has revealed that the Federal Executive Council (FEC) is working on a new pricing arrangement for petrol produced from his refinery.
The New Diplomat reports that the 650,000-barrel-per-day facility officially unveiled its first refined petrol on Tuesday.
Addressing a press conference on Tuesday, Dangote also revealed that petroleum products produced from his refinery will be in filling stations across the country in the next 48 hours.
Speaking on the retail price, Dangote stated: “It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu.
“As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.
“I will like to salute the people of Nigeria and the government of President Bola Tinubu for creating the environment for us to thrive and also achieve this monumental of giving energy to our people for growth, and prosperity.
“I want to thank President Bola Tinubu for creating this idea of Naira for crude and Naira for the product. Doing that will give a lot of stability to the Naira and remove 40 per cent of the demand for dollars. That’s not just it, there is a lot of round-tripping.”
