The Nigeria National Petroleum Company Ltd (NNPCL) on Saturday said there is no guarantee of lower price as it is set to begin lifting petrol from the Dangote refinery.

NNPCL would reportedly commence lifting petrol from the refinery on September 15.

In a statement by its spokesman, Olufemi Soneye, the company said the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces.

Soneye, NNPCL’s Chief Corporate Communications Officer, said that there is no guarantee of lower prices associated with domestic refining of the products in the country.