The Nigeria National Petroleum Company Ltd (NNPCL) said that the start of petrol lifting from the Dangote Refinery does not guarantee a reduction in fuel prices.
According to Olufemi Soneye, the Chief Corporate Communications Officer for NNPCL, started that global market forces influence the pricing of petroleum products from any refinery, including Dangote Refinery Ltd.
Soneye emphasized that domestic refining of petrol does not necessarily lead to lower prices. He addressed concerns arising from recent claims about NNPCL’s intentions regarding the Dangote Refinery.
The company’s statement comes in response to a press release from the Muslim Rights Concern (MURIC). MURIC alleged that NNPCL’s actions are undermining the Dangote Refinery,
Soneye reassured that the pricing structure remains subject to global market dynamics, and refuted claims of NNPCL’s exclusive control over the Dangote Refinery’s output.