Dangote Refinery Denies Selling Fuel At #898 Per Litre
Written By Oyewole Oluwatofunmi
Posted By Town Crier News Nigeria
Published By Fitness Network Communications
The Presidency has dismissed claims that Premium Motor Spirit (PMS) is sold to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre.
A statement from the Presidency described the assertion as “misleading” and “mischievous”, aimed at undermining efforts to address energy insufficiency and insecurity.
According to the statement, a Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by President Bola Ahmed Tinubu, will announce the pricing on October 1, 2024.
The Presidency clarified that the current crude stock was purchased in dollars and sold to NNPCL in dollars, resulting in significant savings.
“The government assures Nigerians of transparency and energy security, ensuring petrol availability in every local government area,” the statement read.
The development is expected to address Nigeria’s long-standing fuel scarcity challenges.
