Dangote Group Denies Involvement in ₦600 Petrol Price Rumor

The Dangote Group has firmly denied any involvement in setting petrol prices, following a rumor that suggested the company projected a price of ₦600 per litre. The clarification came in response to a headline from *Punch* newspaper that linked the price speculation to the Independent Petroleum Marketers Association of Nigeria (IPMAN).

In an official statement, Dangote Group distanced itself from the claims, stating that IPMAN is not a business partner, and there has been no discussion with the association regarding fuel pricing.

“Dangote Group has not fixed or projected any fuel price, and IPMAN is not in any partnership or pricing discussions with us,” the company emphasized. They urged the public to disregard such speculative reports, reaffirming that all official communications are made through their designated channels.

This statement follows concerns raised by the public over the potential hike in petrol prices amid ongoing economic challenges. The clarification from Dangote Group seeks to reassure consumers and stakeholders that they have no role in such price speculations.