The Nigerian National Petroleum Company (NNPC) Limited says
premium motor spirit (PMS), also known as petrol, was bought from Dangote
Petroleum Refinery at N898 per litre.
Olufemi Soneye, the chief corporate communications officer
of NNPC, confirmed the price while speaking to TheCable on Sunday.
There had been reports that NNPC purchased petrol from
Dangote refinery at N766 per litre.
However, Soneye said for “this initial loading, it was N898
per litre so far”.
The price is above the N855 per litre NNPC set its retail
stations’ pump price to on September 3.
NNPC had recently increased the price of PMS from about
N600.
Speaking on when the petrol loaded from the Dangote refinery
will reach the market, Soneye said he is not sure, adding that “our own is to
get load to the control distribution”.
On Saturday, the federal government said distribution of
Dangote petrol will start on Sunday.
Earlier today, Dangote refinery announced that the company
has started loading petrol into NNPC trucks.
A day before, NNPC deployed over 100 trucks to the
petrol-loading gantry of Dangote refinery.
The mobilisation of trucks into the Dangote refinery
followed an announcement by the federal government that NNPC will be the sole
distributor of petrol produced by the refiner in Nigeria.
The announcement ruled out the possibility of any direct
deal between Dangote refinery and oil marketers.
However, the government said the Dangote refinery can sell
diesel to any off-taker.
Dangote refinery commenced petrol production on September 3.
On the same day, the Nigerian Midstream and Downstream
Petroleum Regulatory Authority (NMDPRA) said the Dangote refinery is expected
to supply 25 million litres of petrol daily in September and will subsequently
increase the volume to 30 million litres daily from October.
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