I had pointed out months ago that the only way Nigerians would “see” premium motor spirit, PMS, from Dangote Refinery would be for Dangote to sell it at international market prices to the Nigerian National Petroleum Corporation Limited, NNPCL, which would then make it available across the country at much lower and more affordable prices.

There is simply no way for Dangote to crash PMS price like it did with Diesel, contrary to what some ignoramuses, who clearly do not understand the oil and gas industry, including and unfortunately, even some people at Punch Newspaper (who quite laughably projected Dangote could sell fuel to Nigerians at around ₦650) had been predicting.

This is because Dangote’s petrol would simply be unaffordable and would thereby be selling for as much as ₦1,300 or even considerably higher at the pump.

So, the present arrangement is for Dangote to basically sell at effectively international market prices to NNPCL, which would, in turn, have to take a shortfall in order to be able to resell to Nigerians at the much lower current prices.

Ironically, it is the same NNPCL, Dangote wants us to believe has been “frustrating” him that is actually coming to the rescue of Nigerians and ensuring they have access to petrol at much lower prices than Dangote could have provided it to them despite all the noise he and his company had been making.

I dare anyone to go to Dangote to load fuel directly and hear his price.

If you know, you know.

Barr. Jesutega Onokpasa.