FEC’ll determine price of our petrol, says Dangote

Chairman of Dangote Group, Aliko Dangote, said yesterday the price of petrol from his refinery would be determined by the Federal Executive Council (FEC).

Dangote, who disclosed this at a briefing in Lagos, said: “On pricing, it is an arrangement which is designed and approved by the Federal Executive Council, led by His President Bola Ahmed Tinubu.

“As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market”.

Also, Dangote said the petrol from the plant, in terms of quality, could compete with products from other refineries across the world.

On the timeframe for the petrol supply, he said an announcement would be made after meeting with the NNPCL today (yesterday) or today.

“As soon as it is finalised, which he (President Tinubu) is pushing, once we finish with NNPCL, it can be today, it can be tomorrow, we are ready to roll into the market”.

Dangote also said petrol from the plant, in terms of quality, could compete with products from other refineries across the world.

Regarding the timeframe for the petrol supply, the billionaire said an announcement would be made after meeting with the NNPCL today or Wednesday.

According to Dangote, as soon as this is finalised, “our products will start going to the market. Our gasoline can be in filling stations in the next 48 hours, depending on NNPCL.’’