Dangote debunks high fuel price
The Dangote Group has reacted to the claims of Independent Petroleum Marketers that the local refinery product is expensive than the imported ones.
Tag: Refinery
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Dangote refinery to IPMAN: NNPC must authorise sale of petrol to marketers
The Dangote Petroleum Refinery clarified on Thursday that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for the purchase of refined petroleum products.
Dangote Refinery denies selling PMS at N898
Dangote Refinery has denied selling Premium Motor Spirit (PMS) otherwise known as petrol to the Nigerian National Petroleum Corporation (NNPC) at N898. The Group refuted the claims in a statement on Sunday. The statement reads; “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.”
Oil theft: IGP Squad busts illegal refinery, arrests four suspects
The operatives of the IGP Special Task Force on Petroleum and Illegal Bunkering (IGP-STFPIB) have once again made a significant breakthrough in the continuous fight against oil theft, illegal bunkering and economic sabotage. This milestone achievement was marked after the operatives, in collaboration with the department of operations, Rivers State Command, on 12th September 2024, made discovery of a storage facility in Trans Amadi, Port-Harcourt, Rivers State, used in dealing and processing illegally acquired Crude oil. This operation had led to the arrest of four (4) suspects namely; Emmanuel Nwachi ‘m’ 58 years; Adamu Bala ‘m’ 35years; Nura Musa ‘m’ 22 years; Bashir Abubakar ‘m’ 28 years, and the recovery of 40,000 Litres of petroleum products, stored in 67 white storage tanks. The team however destroyed the site and recovered the equipment and machines used in committing these crimes. The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, PhD, NPM., has reemphasized the commitment of the Force to tackling every form of crime, criminality and corruption, extending to those involved in this economic sabotage. The Force remains unyielding and will continue to bring these perpetrators to book.