The Nigerian National Petroleum Company Limited (NNPCL), has confirmed that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north.
The NNPC spokesperson, Olufemi Soneye, who revealed this today, in a statement titled, “NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing”, said that the price may go for as high as N1,019/litre in places like Borno State, and N999.22 in Abuja, Sokoto, Kano, and others.
While it will be sold at N950 per litre in Lagos, it will be sold at N960 in the other part of the South.
The NNPCL spokesperson stated, “The NNPC Ltd has released estimated prices of Premium Motor Spirit, also known as petrol (obtained from the Dangote Refinery) in its retail stations across the country. The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act, PMS prices are not set by the government, but negotiated directly between parties at an arm’s length.”
The company explained that the product it loaded on Sunday was paid for in dollars adding, “The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as naira transactions will only commence on October 1, 2024. The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100 per cent to the general public.”
He stated that the estimated pump prices of PMS were obtained from the Dangote Refinery and will be across NNPC retail stations in the country, based on September 2024 pricing.
