The Dangote refinery might start exporting its petrol because the Nigerian National Petroleum Company Limited has refused to be the only buyer. The NNPC said it wouldn’t buy Dangote’s fuel unless it was cheaper than international prices. Dangote had claimed the refinery was waiting for the NNPC to buy its product, but the NNPC said Dangote and other refineries can sell directly to any buyer.
The NNPC’s response comes after the Muslim Rights Concern said the NNPC was undermining the Dangote refinery. The NNPC stated that recent changes to petrol prices wouldn’t affect Dangote refinery’s access to the market and that if prices were high, it would be a good opportunity for the refinery to sell at lower prices in Nigeria. Dangote had previously said the refinery was ready to roll out petrol as soon as the NNPC was ready. However, it now seems that the talks between the two companies have failed, which may lead to the company selling its petrol abroad.
The Vice President of Oil and Gas at Dangote Industries Limited said that if the NNPC and other dealers refused to buy the petrol, they would end up exporting it.
