EXCITING NEWS: TNG WhatsApp Channel is LIVE…
Subscribe for FREE to get LIVE NEWS UPDATE. Click here to subscribe!
Chairman of Dangote Group, Aliko Dangote has revealed that it is the federal government of Nigeria that will determine the price of petrol that will come out from the Dangote Refinery.
TheNewsGuru.com (TNG) reports Dangote revealed this at a press briefing on Tuesday when he announced that petrol from the refinery will be out within the next 48 hours.
“It is an arrangement which is designed and approved by the Federal Executive Council (FEC) led by His Excellency, President Bola Ahmed Tinubu,” Dangote said.
Speaking further, Dangote said that as soon as the $20 billion refinery located in Lagos State, Nigeria finalised modalities with NNPC Limited, the product will be out in the market.
“As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.
“Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours, depending on NNPCL.
“The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality,” Dangote said.
The Dangote Group CEO revealed that the refinery can track every single loaded truck and that it will show the true consumption of petrol in Nigeria and also the consumption pattern.
“There is a lot of round-tripping where people now do documentation and the fuel does not come into Nigeria, and this is a fact. Right now, as we have this refinery working, it will show the true consumption of Nigeria.
“We can track every single loaded truck and we will try as much as possible to track the loaded ships. Trucks, we can tell you where they are just as now some of the products that we do, we can tell you exactly the consumption pattern,” he said.