The President of Dangote Group, Aliko Dangote, has rationalized why the first sample of Premium Motor Spirit, popularly known as petrol, from his refinery looks clearer than the petrol currently in circulation.
In a broadcast at his refinery in the Ibeju-Lekki area of Lagos State, Dangote highlighted that the clearer petrol is more environmentally friendly and could help reduce health issues associated with polluted petroleum products.
He added that the new petrol would also protect engines from damage caused by the unclear petrol typically found in the market.
His words, “This is the sample of the petrol. You see it as a different colour, but that is the real deal. You are now going to have a good and genuine product.”
Regarding the colour of the diesel, he said, “I am sure Nigerians have not seen this colour of diesel before,” Dangote stated. “This is called Euro-5 diesel. It contains less than 10 parts per million (PPM) of sulphur. This will help vehicles, engines, and generators last longer.”
He further emphasised, “The health of the people and the environment will not be compromised. This is the real deal.”
Prior to this presentation, the management of Dangote Group stated that international oil companies insisted on selling crude oil to their refinery through foreign agents.
They argued that local crude prices would continue to rise because trading firms were offering cargoes at $2 to $4 per barrel above the official price set by the Nigerian Upstream Petroleum Regulatory Commission.
The group also alleged that foreign oil producers appeared to prioritise selling the crude oil extracted in Nigeria to Asian countries.
