NNPCL responds to MURIC allegations of undermining Dangote refinery

The Nigerian National Petroleum Corporation Limited (NNPC Ltd) has denied claims made by Muslim Rights Concern (MURIC) that it is harming Dangote Refinery Limited (DRL) by controlling prices and being the sole buyer of its products.

In a statement released on Saturday by Olufemi Soneye, Head of Corporate Communications of NNPC Ltd, the company stressed that the prices of petroleum products are determined by global market forces, and the recent changes in PMS prices have no impact on DRL’s access to the Nigerian market.

“If the current price is considered high, this is an ideal opportunity for refineries to sell their products at lower prices in the Nigerian market,” Soneye said.

NNPC Ltd also clarified that it would only take over the PMS from DRL in full if the market price is higher than the pump price in Nigeria, and the refinery is free to sell directly to any marketer on the principle of willing buyer, willing seller.

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“MURIC should verify the facts before making statements that are completely flawed and have the potential to incite ordinary Nigerians against NNPC Ltd,” Soneye added.

Analysis:

NNPC Ltd’s statement aims to address the misconceptions and misinformation spread by MURIC. By setting the facts straight, NNPC Ltd seeks to assure stakeholders and the public that the company is committed to a free market environment and has no intention of harming the Dangote Refinery or any other domestic refinery.

The clarification also highlights the importance of verifying facts before making public statements, especially for advocacy groups like MURIC. NNPC Ltd’s response demonstrates a commitment to fairness, which is essential to building trust in the industry.

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