The Dangote Group has refuted claims circulating in the media regarding an impending increase in the price of Premium Motor Spirit (PMS) to N600 per litre, allegedly projected by the Independent Petroleum Marketers Association of Nigeria (IPMAN). The claims were highlighted in a news article published by Punch Newspapers on August 13, 2024.
In a statement released by Anthony Chiejina, the Group Chief Branding and Communications Officer, the Dangote Group emphasized that IPMAN is not a business partner of the company and has no authority to speak on its behalf concerning PMS pricing.
“We have never discussed the price of PMS with IPMAN, and they have no mandate or authority to speak for us, either for good or with hidden transcripts,” Chiejina stated, urging the public to disregard the speculative announcements made by the association.
The Dangote Group also reassured the public that any official communication regarding product pricing would be made through its established channels and advised stakeholders to rely only on verified information from the company.
This clarification comes amid rising concerns over the stability of fuel prices in Nigeria, as the nation continues to navigate the complex landscape of petroleum supply and pricing.
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