THE Dangote Refinery refuted the report that it had started supplying petrol to the Nigeria National Petroleum Company Limited (NNPCL) at N897 per litre.

The company’s chief branding and communications officer, Anthony Chiejina, disclaimed this in a statement on Thursday, September, 5.

He said the company cannot fix the price of petrol and has yet to finalise arrangements with the NNPCL.

The disclaimer came following reports that the Dangote refinery had started selling petrol at N897 per litre to the NNPCL, Chiejina said.

“We would like to state that NNPC has not commenced lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from our Dangote Petroleum Refinery.

“Therefore, the issue of fixing the price of petrol lifted from our refinery does not arise, as we are yet to finalise our contract with NNPC,” he said.

The PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector, Chiejina further stated.

“We cannot determine, fix, or influence the product price, which falls under the purview of relevant government authorities,” he maintained.

Chiejina urged the public to disregard the erroneous headline and reassured Nigerians of their commitment to transparency and fairness in their operations.

Shortly after the Dangote refinery announced the commencement of petrol supply, NNPCL adjusted its pump price to N855 per litre.

The Dangote refinery had on Tuesday disclosed that its refined petrol would hit filling stations in the next 48 hours.

The NNPCL is said to be the sole off-taker of refined petrol from the Dangote refinery according to an arrangement said to be reached by the parties.

Its group chief executive officer, Aliko Dangote, had revealed that the Federal Executive Council was working on a new pricing arrangement for refined PMS from its refinery.

Once the arrangement is finalised, Dangote said the refinery was ready to start rolling petrol into the market.