The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it bought Premium Motor Spirit, popularly known as petrol, from Dangote refinery at N898 per litre.
Chronicle NG earlier reported that the lifting of petrol from the 650,000 barrels-per-day refinery commenced on Sunday.
Over 100 trucks from the NNPC arrived at the refinery, located in the Ibeju-Lekki area of Lagos State, to lift the first batch of petrol.
Speaking over the price of the product, the NNPC spokesman, Olufemi Soneye, denied claims that the national oil company purchased petrol at N760 per litre.
“We successfully loaded PMS at the Dangote refinery today. The claim that we purchased it at N760 per litre is incorrect.
“For this initial loading, the price from the refinery was N898 per litre.”
Soneye further stated that approximately 70 trucks had been loaded from the refinery at the time of making the report.
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, declared that NNPC would be the exclusive off-taker of refined petrol from Dangote refineries.
At the Technical Sub-Committee meeting on the sale of crude oil to local refineries on Friday, Edun, who was represented by the Executive Chairman of the Federal Inland Revenue Service, Zaccheus Adedeji, stated that diesel from the Dangote refinery will be sold in Naira to any interested off-taker.
Adedeji stated that petrol will only be supplied to the NNPC, which would subsequently sell it to various marketers.
He also announced the completion of all agreements and modalities for carrying out the Federal Executive Council’s approval for the sale of crude to local refineries in Naira and the equivalent purchase of petroleum products in the same currency.
