Idahosa was reacting to the recent hike in pump price of petrol by the Nigerian National Petroleum Company Limited (NNPCL)
By Kehinde Okeowo
President and Chairman of Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has told Nigerians that Dangote Refinery cannot determine the pump price of Premium Motor Spirit (PMS) otherwise called Petrol.
Idahosa made this known on Thursday while featuring on Channels Television programme.
According to him, it is not the responsibility of Dangote Refinery to determine the prices of petrol at the filling stations.
He added that such a decision is the prerogative of the Nigerian National Petroleum Company Limited (NNPCL) and other petrol marketers.
Speaking during the interview, Idahosa said, “Dangote is not a petroleum retailer. It does not have a petrol station. No refinery has business with the price petrol is bought at the filling station.
“Dangote is a factory and has an ex-factory price.
“Whosoever wants to buy whether NNPCL or anybody can go to Dangote Refinery to buy.
“Dangote Refinery has no business announcing any price to anyone. It can only communicate to interested buyers whether NNPCL or any buyer.
“We should stop putting Dangote in a situation he should not be.”
Idahosa’s comments come amid the latest increase of petrol pump prices to N897 and N855 per liter by NNPCL’s retail outlets.
Prior to this, the President of Dangote Group, Aliko Dangote had upon commencement of his company’s petrol rollout announced that the price of the product would be determined by the Nigeria’s Federal Executive Council (FEC).