Breaking: Dangote Speaks On Fixing Petrol Price At ₦600/Litre After IPMAN Statement

Dangote Limited has denied fixing the expected price of petrol from its refinery based in Lagos at ₦600 per litre.

The organization made the denial in a statement issued on Tuesday night by its Group Chief Branding and Communications Officer, Anthony Chiejina.

The denial follows an earlier submission by the Independent Petroleum Marketers in Nigeria, who are anticipating that petrol from the Dangote Petroleum Refinery will be sold at a price of ₦600 to ₦650 per litre once it is released to the market.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) believes that the Dangote refinery, like it did with diesel, will help reduce the cost of petrol.

IPMAN’s National Vice President, Hammed Fashola, explained in an interview with The Punch that the $20 billion refinery could lower fuel prices, provided it receives adequate support, particularly in securing crude oil supplies.

However, in reaction to the anticipated price, Dangote said it has not fixed any price for petrol from its refinery and IPMAN is not a business partner of the organization yet.