So my answer is that, as far as this is concerned, the government is not dabbling into this controversy,” Mr Onanuga said.
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“NNPC is on its own, even though it’s owned by the federal government, the state government and local councils and everything, but it’s operating as a limited liability company. You can see what the private market has said that I think they find the NNPC or Dangote price too much for them. They will resolve to import fuel because they clear the market at the end of the day.
According to him, some of the transporters are already converting their vehicles to CNG, noting that the government has a plan to make sure that about a million of those vehicles run on CNG.He noted that the government also has a plan to make sure that private car owners can convert to CNG at a reduced cost.
The government said petrol from the Dangote refinery would only be sold to NNPC Ltd, which would then be sold to various marketers in the short term.On 15 September, Mr Soneye told this newspaper that the refinery bought petrol from Dangote refinery at N898 per litre. He said market forces now determine domestic pump prices.
In a counter-statement, the NNPC insisted it bought the product for N898 per litre and would be grateful for any discount from the Dangote refinery that could be passed 100 per cent to the general public. The state oil company said that once freight and other statutory costs are added; the product would cost more at the pump—N950.22 per litre in Lagos, N980.22 in Rivers, and N992.22 in Abuja. The selling price in Maiduguri was N1,019.
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