Dangote Petroleum Refinery has explained why it has been unable to set a price for its petrol.

Anthony Chiejina, Group Chief Branding and Communications Officer, in a statement on Thursday, noted that PMS market is strictly regulated, which is known to all oil marketers and stakeholders in the sector, hence the reason Dangote cannot determine, fix, or influence the product price.

He equally condemned the publication by an online media, that Dangote group has fixed the price of its refined Premium Motor Spirit (PMS), commonly known as petrol at N897 per litre.

He noted that Nigerian National Petroleum Corporation, Limited, NNPCL, is yet to lift their product.

Read the statement bellow: “Our attention has been drawn to a headline “NNPC lifts Dangote Petrol, sells at N897 per litre” published in a news media, on 4 September 2024.

“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.