The Nigerian National Petroleum Company Limited (NNPCL) has announced that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north.
Olufemi Soneye, the NNPC spokesperson, said this on Monday in a statement titled ‘NNPC Ltd. Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’.
Soneye explained that the price might be as high as N1,019 per litre in Borno State and N999.22 in Abuja, Sokoto, Kano, and other areas.
In Oyo, Rivers, and other southern statea, the price will be N960 per litre.
The lowest price, according to an infographic released by the company, is N950 in Lagos and its environs.
“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,” he stated.
The company mentioned that the product it loaded on Sunday was paid for in dollars.
“The NNPC Ltd. can confirm that it is paying Dangote Refinery in USD for the 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 percent to the general public,” the statement added.
He noted that the estimated pump prices of PMS were obtained from the Dangote Refinery and will be across the company’s retail stations in the country, based on September 2024 pricing.
Recall that the Dangote Group had disagreed with the national petroleum company on Sunday that it was selling PMS at N898, but it failed to release its price list.
