NNPCL’s claim of lifting our petrol at N898 per litre misleading, mischievous – Dangote

The New Diplomat
Writer

Ad

Sanae Takaichi Shatters Glass Ceiling, Becomes Japan’s First Female Prime Minister

By Abiola Olawale ​Sanae Takaichi officially made history on Tuesday, October 21, 2025, by being elected as Japan's first female prime minister following a parliamentary vote. Takaichi, an ultraconservative leader of the Liberal Democratic Party (LDP) secured the top post after a coalition deal with the right-wing Japan Innovation Party (Ishin no Kai). The 64-year-old…

PDP To Know Fate on Oct 31 as Court Delivers Judgment on National Convention

By Abiola Olawale The political landscape of Nigeria's main opposition party, the Peoples Democratic Party (PDP), remains suspended in uncertainty as the Federal High Court in Abuja has set October 31 as the date for judgment in the contentious suit challenging the party’s planned national convention. ​The high-stakes ruling, which follows the conclusion of legal…

Brent Flirts With $60 as Oversupply Fears Deepen

Oil prices continued to inch lower in early Tuesday trading as concerns about oversupply and sagging demand resumed their grip on the market, even as trade-talks between the United States and China offered a glimmer of optimism. At the time of writing, WTI was down 0.52% at $57.22, while Brent had fallen 0.54% to $60.61.…

Ad

Even with the successful lifting of petrol from the Dangote Refinery by the Nigerian National Petroleum Company Limited (NNPCL) on Sunday, there seems to be no end to the war of words between the two entities.

On Sunday, Dangote Refinery was irked by NNPCL’s claim that it loaded petrol from the refinery at N898 per litre.

Dangote in a statement by Anthony Chiejina, Group Chief Branding and Communications Officer, described the claims as “misleading and mischievous”.

Mr. Olufemi Soneye, Chief Corporate Communications Officer, NNPC Limited, was earlier reported to have said it bought the product at N898 per litre in contradiction to reports that it was sold to it at N766 per litre.

Dangote however clarified: “Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.

“This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years.

“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”.

However, Dangote, while faulting NNPCL’s claim, did not say the rate at which it sold petrol to the NNPCL that is now the sole off-taker of its petroleum products.

 

Ad

X whatsapp