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The Nigerian government said it is not intervening in the controversy between the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Dangote Petroleum Refinery.

The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, disclosed this while briefing State House correspondents in Abuja on Wednesday.

Mr Onanuga explained that since petrol has been deregulated, both companies are expected to work independently in a deregulated market.

“The Premium Motor Spirit (PMS) regime has been deregulated. Dangote is a private company. NNPC should not forget it’s a limited liability company. Whatever controversy both of them are having is their problem. They are operating, even if you go by the terms of the Petroleum Industry Act.

“NNPC is on its own, even though it’s owned by the federal government, the state government and local councils and everything, but it’s operating as a limited liability company. You can see what the private market has said that I think they find the NNPC or Dangote price too much for them. They will resolve to import fuel because they clear the market at the end of the day.

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