The Dangote Refinery has refuted claims circulating that it is selling Premium Motor Spirit (PMS), commonly known as petrol, at prices ranging from N1,015 to N1,028 per liter. Chief Corporate Communications Officer of the Dangote Group, Tony Chiejina, labeled these reports as “fake news.”
The statement comes after oil marketers had asserted that the Dangote Refinery’s PMS pricing ranged between N1,015 and N1,028 per liter, noting that importing the product from the international market could be more economical given the landing cost of N978.01 per liter as of October 31, 2024.
Additionally, the Major Energy Marketers Association of Nigeria (MEMA) reported that the landing cost of diesel was N1,069.97 per liter, while aviation fuel was at N1,119.67 per liter.
An unnamed major marketer indicated that bulk buyers from the refinery were purchasing PMS at N1,015 per liter, whereas smaller buyers were charged N1,028 per liter.
He said: “Dangote is selling to bulk buyers at N1, 015/litre, but to marketers who are not buying in bulk, the refinery is selling at N1, 028/litre.”
However, the Publicity Secretary of Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Dr Joseph Obele, said Dangote petrol might be higher because the refinery was processing imported crude oil.
