“House of Reps tells Dangote Refinery to disclose the cost it sells petrol to NNPC Ltd

House of Representatives has told Aliko Dangote, the owners of Dangote Refinery, to disclose the cost he is selling petroleum from his refinery to NNPC Limited.

The lawmakers also asked NNPC to disclose the amounts the refinery is paying for crude oil.

This resolution followed a motion moved by Oboku Oforji on Thursday during plenary.

There has been a lingering dispute between NNPC Limited and Dangote Refinery over the cost per litre of petrol from the refinery.

NNPC Limited claimed to have bought petrol at N898/litre from Dangote.

The refinery disputed the figure, stating that it was selling for less than the amount. It would not be specific on the selling price.

To address challenges surrounding the distribution of its products, the lawmakers urged the management of Dangote Refinery to build, acquire, or partner to get tank farms or depot across the geo-political zones in the country.

In the motion, Oforji commended the refinery for its impact on energy sovereignty of the country.

“Nigeria is driving towards energy self-sufficiency, cost and foreign exchange savings, meeting the increasing demand for fuels, attraction of foreign capital investment, generation of Forex through export of finished product,” he said.

To achieve sustainability, Oforji said Dangote Refinery should sell products directly to the independent marketers.

The motion was adopted unanimously by the lawmakers.

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