- He added that the $20 billion refinery will soon conclude negotiations with NNPCL to get the product across to Nigerians
The President Of Dangote Group, Aliko Dangote has revealed how the pump price of his Refinery Premium Motor Spirit (Petrol) will be fixed.
He disclosed that the price of the product will be determined by the Federal Executive Council headed by President Bola Ahmed Tinubu.
The African richest made the disclosure in an interview with Channels Television after he announced the rollout of Petrol from his 650,000 barrels per day on Tuesday.
This is as Dangote noted that the refinery Petrol will be available in filling stations in 48 hours depending on the Nigerian National Petroleum Company Limited.
He added that the $20 billion refinery will soon conclude negotiations with NNPCL to get the product across to Nigerians.
He noted that the price of the product will be arranged and decided by FEC.
“On PMS price, it is an arrangement that is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu. As soon as it is finalized, which is what he is pushing once he finishes with FEC meeting, it can be today or Tomorrow we are ready to roll out in the market”, he said.
Earlier DAILY POST reported that Dangote officially announced the first rollout of petrol on Tuesday.