Shehu Sani, a former Kaduna Central senator, has described the ”price war” between the Dangote Refinery and the Nigeria National Petroleum Company Limited (NNPCL) as a “skit.”
The Kaduna state lawmaker was reacting to the federal government’s decision to step away in the price war better the NNPCL and Dangote Refinery
News About Nigeria reports that the presidency said on Wednesday that President Bola Tinubu would not intervene in the controversy that ensued between Dangote Petroleum Refinery and the NNPC Limited over the price of premium motor spirit (PMS), also known as petrol.
On September 15, the NNPC commenced petrol lifting at Dangote refinery after a protracted period of price negotiations.
On the same day, NNPC said it bought petrol from Dangote refinery at N898 per litre.
However, the Dangote refinery countered the claim, describing it as “both misleading and mischievous.”
The next day, NNPC said petrol would be sold at N950.22 per litre across all its retail outlets in Lagos, while residents in the northern part of Nigeria would pay more for the product, with those in Borno expected to pay the highest PMS pump price of N1,019.22.
Onanuga said with the new regime in the petroleum sector, oil marketers are free to import petrol and sell the product at a reasonable price.
Onanuga said NNPC has the right to fix petrol prices.
Reacting, Sani posted on X: “Now that the FG will not intervene in the Price war between Dangote and the NNPCL shows that ‘the war’ is a Skit.”
