Muslim Rights Concern (MURIC) has claimed that the Nigerian National Petroleum Company Limited (NNPC Ltd) is undermining the Dangote Refinery Limited (DRL) by setting pricing and taking over as the only buyer of its goods. However, NNPC Ltd has denied this assertion.
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Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., issued a statement on Saturday in which the company stressed that the pricing of petroleum products is set by forces in the global market and that the recent fluctuations in PMS prices have no bearing on the DRL’s ability to access the Nigerian market. Soneye said, “The refinery has a great opportunity to sell its products at lower prices in the Nigerian market if current prices are perceived as high.”
Additionally, NNPC Ltd made it clear that the refinery is free to sell straight to any marketer on a willing buyer, willing seller basis and that it will only fully offtake PMS from the DRL if market prices are greater than pump prices in Nigeria.
Soneye continued, “MURIC should have checked the facts before making comments that are completely false and have the potential to incite common Nigerians against the NNPC Ltd.”
Evaluation: The purpose of NNPC Ltd’s statement is to correct the falsehoods and misinformation that MURIC has been disseminating.
By correcting the record, NNPC Ltd hopes to convince the public and stakeholders that it is dedicated to a free market environment and that it has no plans to undermine any other local refinery, including the Dangote Refinery.
The clarification emphasises how crucial it is to confirm information before making public remarks, particularly for advocacy organisations like MURIC. The NNPC Ltd.’s response indicates a dedication to justice, which is necessary to foster industry trust.
