The Nigerian National Petroleum Company (NNPC) Limited has denied claims of becoming sole distributor for Dangote refinery.
The Nigerian National Petroleum Company Limited has denied reports that it intends to become Dangote refinery’s sole distributor.
“The attention of the NNPC Ltd has been drawn to a press release by the, which claims that the Dangote Refinery Limited is being undermined by actions of the Nigerian National Petroleum Company Limited ,” the statement reads. The NNPC said the recent changes in petrol prices have no impact on the Dangote refinery or any other domestic refinery’s access to the Nigerian market.“In fact, if current prices are perceived as high, it presents an ideal opportunity for the refinery to sell its products at lower prices in the Nigerian market,” NNPC said.
only fully offtake petrol from Dangote refinery if market prices are higher than the pump prices in Nigeria.
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