{"id":130287,"date":"2024-09-07T23:35:10","date_gmt":"2024-09-07T22:35:10","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric"},"modified":"2024-09-08T00:39:27","modified_gmt":"2024-09-07T23:39:27","slug":"dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric","title":{"rendered":"Dangote Refinery free to sell directly to marketers \u2013 NNPC replies MURIC"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Nigerian National Petroleum Company Limited, NNPC Ltd, has denied claims that it is undermining the Dangote Refinery, insisting that the market is open for lower prices from any domestic refinery.<\/p>\n

This comes after the Muslim Rights Concern (MURIC) alleged that the recent changes to the pump price of Premium Motor Spirit (PMS) will prevent the Dangote Refinery from offering lower prices.<\/p>\n

In a statement by the Executive Director of the group, Professor Ish\u00adaq Akintola, MURIC urged the Nigerian government to give the refinery a free hand to operate and protect it from strangulation.<\/p>\n

MURIC also accused NNPCL of becoming the sole offtaker of all products from the refinery.<\/p>\n

However, in a statement by Olufemi Soneye, Chief Corporate Communications Officer, NNPCL said the pricing of petroleum products from any refinery, including the Dangote Refinery, is determined by global market forces.<\/p>\n

NNPCL said it cannot undermine a business in which it holds a billion-dollar stake, noting that MURIC should have verified the facts before making statements that has the potential to incite ordinary Nigerians against the organization.<\/p>\n

\u201cTo set the records straight, NNPC Ltd. wishes to further state as follows:<\/p>\n

\u201cThe pricing of petroleum products from any refinery, including the Dangote Refinery Ltd. (DRL), is determined by global market forces. The recent changes in PMS prices have no impact on the DRL or any other domestic refinery\u2019s access to the Nigerian market.<\/p>\n

\u201cFurthermore, we emphasize that there is no guarantee of lower prices associated with domestic refining compared to any global parity pricing framework, as confirmed by the DRL. The NNPC Ltd. will only fully offtake PMS from the DRL if the market prices of PMS are higher than the pump prices in Nigeria. The DRL and any other domestic refinery are free to sell directly to any marketer on a willing buyer, willing seller basis, which is the current practice for all fully deregulated products.<\/p>\n

\u201cThe NNPC Ltd. cannot undermine a business in which it holds a billion-dollar stake,\u201d the statement partly read.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Nigerian National Petroleum Company Limited, NNPC Ltd, has denied claims that it is undermining the Dangote Refinery, insisting that the market is open for lower prices from any domestic refinery. This comes after the Muslim Rights Concern (MURIC) alleged that the recent changes to the pump price of Premium Motor Spirit […]<\/p>\n","protected":false},"author":84,"featured_media":130286,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[721,254,434],"class_list":["post-130287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-muric","tag-nigeria","tag-nnpc"],"yoast_head":"\nDangote Refinery free to sell directly to marketers \u2013 NNPC replies MURIC - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian National Petroleum Company Limited, NNPC Ltd, has denied claims that it is undermining the Dangote Refinery ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dangote Refinery free to sell directly to marketers \u2013 NNPC replies MURIC\" \/>\n<meta property=\"og:description\" content=\"The Nigerian National Petroleum Company Limited, NNPC Ltd, has denied claims that it is undermining the Dangote Refinery ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-07T22:35:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-07T23:39:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/09\/sm_1725739726.165425.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dangote Refinery free to sell directly to marketers \u2013 NNPC replies MURIC\",\"datePublished\":\"2024-09-07T22:35:10+00:00\",\"dateModified\":\"2024-09-07T23:39:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric\"},\"wordCount\":358,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/09\/sm_1725739726.165425.jpg\",\"keywords\":[\"MURIC\",\"Nigeria\",\"NNPC\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-refinery-free-to-sell-directly-to-marketers-nnpc-replies-muric\",\"name\":\"Dangote Refinery free to sell directly to marketers \u2013 NNPC replies MURIC - 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