The Management of Dangote Group has denied reports of fixing the price of petroleum products, including premium motor spirit, PMS, as widely reported in some sections of the media.

A statement issued by the Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, says the projection made by the Independent Petroleum Marketers Association of Nigeria, IPMAN, that Dangote would peg the price of PMS at 600 Naira is false.

The statement reads in part: “Our attention has been drawn to headlines announcing “Marketers project N600/ litre for Dangote Petrol” published in Punch Newspapers of Tuesday August 13, 2024.

According to Chiejina, he also said: “We would like to clarify that Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet. We have never discussed the price of Premium Motor Spirit ( PMS) with them, and they have no mandate or authority to speak for us, either for good or with hidden transcript.

“We urge the public to desist from such speculative announcement. We have our official channels through which we make our views known to our stakeholders”, the statement said.