The Chairman of Dangote Group, Aliko Dangote, has disclosed that the price of petrol from his refinery will be set up by the Federal Executive Council (FEC).

He said this while speaking to journalists on Tuesday, September 8, 2024, while presenting the first sample of petrol from the refinery.

According to the billionaire, the pricing decision is imminent and Nigerians will be able to buy at filling stations within a short period.

Dangote added that an announcement of the prices will be made after a meeting with the Nigerian National Petroleum Corporation (NNPC) on Tuesday or Wednesday.

He said: “On pricing, it is an arrangement which is designed and approved by the Federal Executive Council, led by President Bola Ahmed Tinubu.

“As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.

“As soon as this is finalised, our products will start going to the market. Our gasoline can be in filling stations in the next 48 hours, depending on NNPC."

NNPC limited filling stations have already adjusted their petrol prices from N567 and N617 per litre to over N800 per litre.

Private filling stations, which have been selling at N800 per litre for weeks now, have adjusted their pump prices to above N1,000 in some states.