Nigeria’s National Petroleum Company Ltd (NNPCL) has stated that there is no guarantee of lower petrol prices. When it starts moving petrol from the Dangote refinery on 15 September, the Nigeria National Petroleum Company Ltd. (NNPCL) has stated that there is no assurance of a cheaper price.
The firm noted that the pricing of petroleum products from any refinery, including Dangote Refinery Ltd., is set by forces in the worldwide market in a statement issued by its spokesman, Olufemi Soneye, on Saturday, September 7.
Soneye asserts that the nation’s domestic product refining process does not ensure cheaper prices for consumers. Nigerian National Petroleum Company Limited (NNPC) has been criticized for allegedly monopolizing the offtake of all petroleum products from Dangote Refinery Ltd., according to a statement from Soneye.
The statement comes amid rumors that NNPC is undermining Dangote Refinery Limited (DRL), claiming that recent changes to the pump price of Premium Motor Spirit (PMS) will prevent the refinery from offering lower prices and that NNPC has become the sole off-taker of all products from the refinery.
