How NNPCL and Dangote Refinery's Price Dispute Sparks Tension in Nigeria's Oil Market | READ FULL

Tensions have escalated between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery over the pricing of petrol supplied by the refinery. The NNPCL maintains that it purchased Premium Motor Spirit (PMS) from Dangote Refinery at N898 per liter, a claim that has been swiftly denied by the Dangote Group.

NNPCL's spokesperson, Olufemi Soneye, reiterated the company's stance during an interview, affirming that NNPCL had documentation proving the purchase price. He stated, "We stand by our earlier position that Dangote Refinery Petrol is sold to us at N898 per liter. We have the documents to back this point."

This disagreement follows a statement by Dangote Group's spokesperson, Anthony Chiejina, rejecting NNPCL's claims and calling the alleged price inaccurate. The conflict has raised eyebrows within the energy sector, as the public remains in the dark regarding the details of this high-stakes transaction.

The disagreement emerged just as Dangote Refinery began loading its petrol into tankers for distribution. NNPCL confirmed that 70 trucks, owned by the state firm, had loaded petrol from the refinery on Sunday, signaling the official commencement of large-scale fuel supply.

The ongoing clash between these major players in Nigeria's energy landscape has fueled speculation, creating uncertainty over how this could impact fuel prices for the general public.

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