Gabriel Idahosa, President and Chairman of the Lagos Chamber of Commerce and Industry (LCCI), has clarified that the Dangote Refinery has no involvement in setting the retail price of Premium Motor Spirit (petrol) at filling stations.
Idahosa made this statement on Thursday during an interview with Channels Television, as reported by Daily Post.
His remarks follow the recent increase in petrol pump prices to N897 and N855 per liter at Nigerian National Petroleum Company Limited (NNPCL) retail outlets, coinciding with the announcement of PMS rollout by the Dangote Refinery.
In response to the situation, Idahosa emphasized that determining petrol prices at filling stations is the responsibility of NNPCL and other fuel marketers, not the Dangote Refinery.
“Dangote is not a petroleum retailer. It does not have a petrol station. No refinery has business with the price petrol is bought at the filling station.
“Dangote is a factory and has an ex-factory price.
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“Whosoever wants to buy whether NNPCL or anybody can go to Dangote Refinery to buy.
“Dangote Refinery has no business announcing any price to anyone. It can only communicate to interested buyers whether NNPCL or any buyer.
“We should stop putting Dangote in a situation he should not be”, he said.
Recall that on Tuesday, Aliko Dangote, the President of Dangote Group, announced at the commencement of the petrol rollout that the price of the product would be set by Nigeria’s Federal Executive Council.
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