The President of Dangote Group, Aliko Dangote, has explained why the first sample of Premium Motor Spirit, commonly known as petrol, from his refinery appears clearer than the petrol currently in circulation.
Speaking during a broadcast at his refinery in the
Ibeju-Lekki area of Lagos State, Dangote highlighted that the clearer petrol is
more environmentally friendly and could help reduce health issues associated
with polluted petroleum products.
He noted that this new petrol would also protect engines
from damage caused by the unclear petrol typically found in the market.
He said, “This is the sample of the petrol. You see it as a different colour, but that is the real deal. You are now going to have a good and genuine product.”
Regarding the colour of the diesel, he said, “I am sure
Nigerians have not seen this colour of diesel before,” Dangote stated. “This is
called Euro-5 diesel. It contains less than 10 parts per million (PPM) of
sulphur. This will help vehicles, engines, and generators last longer.”
He further emphasised, “The health of the people and the
environment will not be compromised. This is the real deal.”
Prior to this presentation, the management of Dangote Group
stated that international oil companies insisted on selling crude oil to their
refinery through foreign agents.
They argued that local crude prices would continue to rise
because trading firms were offering cargoes at $2 to $4 per barrel above the
official price set by the Nigerian Upstream Petroleum Regulatory Commission.
The group also alleged that foreign oil producers appeared
to prioritise selling the crude oil extracted in Nigeria to Asian countries.
Recall that in August, Dangote refinery was
in dispute with the Nigerian Upstream Petroleum Regulatory Commission over an
alleged supply of 29 million barrels of crude oil to the refinery.
The Dangote Group accused the NUPRC of not effectively
enforcing the Domestic Crude Supply Obligations regulations, claiming that the
refinery had not received an adequate amount of locally sourced crude oil.
In response, the NUPRC denied these allegations, stating
that it had facilitated the delivery of over 29 million barrels of crude oil to
Dangote from January to June 2024.
The NUPRC maintained that it has ensured domestic crude oil
supplies to the Dangote refinery and other refineries through its monthly
production curtailment platform.
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