Dangote Refinery doesn’t have business in petrol price – LCCI President, Idahosa

Gabriel Idahosa, President and Chairman of Lagos Chamber of Commerce and Industry, LCCI, has said that Dangote Refinery does not have business with the price Premium Motor Spirit (Petrol) is sold at the filling stations.

Idahosa disclosed this on Thursday during an interview on Channels Television monitored by DAILY POST.

His comments come amid the latest increase of petrol pump prices to N897 and N855 per liter by Nigerian National Petroleum Company Limited retail outlets at the same time Dangote Refinery announced the rollout of PMS.

Reacting to the development, Idahosa explained that it is not the responsibility of Dangote Refinery to determine the prices of petrol in filling stations.

According to him, it is the NNPCL and other petrol marketers that determine the product price.

“Dangote is not a petroleum retailer. It does not have a petrol station. No refinery has business with the price petrol is bought at the filling station.

“Dangote is a factory and has an ex-factory price.

“Whosoever wants to buy whether NNPCL or anybody can go to Dangote Refinery to buy.

“Dangote Refinery has no business announcing any price to anyone. It can only communicate to interested buyers whether NNPCL or any buyer.

“We should stop putting Dangote in a situation he should not be”, he said.

Recall that on Tuesday, the President of Dangote Group, Aliko Dangote upon commencement of the petrol rollout announced that the price of the product would be determined by the Nigeria’s Federal Executive Council.

 

Dangote Refinery doesn’t have business in petrol price – LCCI President, Idahosa