THE NATION
- Dangote: we sold below landing cost of imported fuel
- We bought at N898, oil giant insists
How much did Dangote Refinery sell petrol per litre to the Nigerian National Petroleum Company (NNPC) Limited?
The answer is still hanging in the air.
Controversy over it rages on.
The NNPCL, which is the sole off-taker “for now” of product from the new refinery, said it bought petrol per litre at N898.
But the refinery contradicted the claim, saying it sold it for less, but did not give the figure.
President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, repeated the position of his company in an interview with Bloomberg.
He also did not give the amount but said the refinery sold the petrol to NNPCL at an “international price”.
Yesterday, NNPCL spokesman Olufemi Soneye said he had no new comment to make, adding that what he said earlier subsisted.
Dangote told Bloomberg: “Their (NNPCL) own importation is 15 to 20 per cent more expensive than ours.
“NNPCL bought from us on the 15th of September at an international price.
“They also imported over 800,000 metric tonnes of gasoline at the same time.
“So, the one they bought from us is cheaper than the one they are importing.
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