Business

Why Dangote Refinery petrol is yet to hit market

A flurry of activities is going on to end the crippling petrol scarcity in the country.

 

The Dangote Refinery which announced the rollout of the product from its plant on Tuesday could not make it available for at the pumps yesterday as promised.

 

President Bola Ahmed Tinubu, who is away in China on official assignment, directed a meeting chaired by Vice President Kashim Shettima, attended by Minister Heineken Lokpobiri, oil giant chief Mele Kyari and National Security Adviser (NSA) Nuhu Ribadu.

Group Chief Branding and Communications Officer, Mr. Anthony Chiejina, in a statement, said the issue of fixing the price of petrol was not yet decided as the refinery was yet to finalise its contract with NNPCL.

 

“The PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector, hence we cannot determine, fix, or influence the product price, which falls under the purview of relevant government authorities.

 

“We are guaranteeing Nigerians of exceptionally high-quality petroleum products that will be readily available all over the country,” the company said.

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