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The Presidency said on Wednesday that President Bola Tinubu would not intervene in the dispute between the Nigerian National Petroleum Corporation (NNPC) Limited and the Dangote Oil Refinery over petrol prices.
NNPC said on September 15 it purchased petrol from the Dangote refinery at N898 per litre.
The company added that it purchased 16.8 million liters of gasoline from the refinery.
However, Dangote Refinery in a statement issued by its spokesperson, Anthony Chiejina, described the NNPC’s claims as “misleading and malicious.”
In a chat with State House reporters, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said Nigerians would benefit from competitive prices in the downstream sector of the petroleum industry.
He reminded everyone that the sector had been deregulated to allow oil marketers to import fuel and sell the product at fair prices.
READ ALSO: SERAP Sues Tinubu for Not Directing NNPCL to Cancel ‘Unlawful’ Fuel Price Hike
Onanuga said: “The PMS regime has been deregulated. Dangote is a private company. NNPC should not forget that it is a public limited company.
“Whatever controversy there is between the two of them, it is their problem. They operate under the Petroleum Industry Act.
“NNPC stands alone, although it is owned by the federal government, state governments, and local councils and so on, but it operates as a limited company.
“You can see what the private market is saying that I think they think the NNPC or Dangote prices are too expensive for them. They will decide to import fuel.
“It is the consumers who benefit if there is a price war. If NNPC fuel is too expensive, the general market can go to the market and bring in their own fuel and sell it at a price that they think is very reasonable and profitable for them.”
Tinubu won’t intervene in NNPC, Dangote refinery fuel price war – Presidency first appeared on Latest Nigeria News | Headlines from Ripples Nigeria.
