The Nigerian National Petroleum Company Limited (NNPCL) says it purchased Premium Motor Spirit (PMS), fondly called petrol, from the Dangote Oil Refinery and Petrochemicals at N898 per litre.
The Star had reported that the NNPCL commenced loading petrol from the Dangote refinery in the Ibeju-Lekki area of Lagos State on Sunday, September 15, 2024.
“NNPC begins PMS lifting at the Dangote Petroleum Refinery,” the Dangote Group disclosed in a post shared on X on Sunday.
Speaking on the development, the NNPCL spokesperson, Olufemi Soneye, disclosed that the company bought petrol from the refinery at N898 per litre.
Soneye, who debunked claims that the NNPCL purchased petrol at N760 per litre, said: “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.”
NNPCL begins petrol lifting at Dangote refinery
The NNPCL spokesman added that over 70 trucks had been loaded from the Dangote refinery on Sunday evening.
The NNPCL had, on Saturday, September 14, deployed over 100 trucks to lift petrol from the Dangote refinery.
It would be recalled that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the Dangote refinery will begin the distribution of petrol on Sunday.
Edu stated that the refinery will sell petrol to only the NNPCL.
The minister said: “I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote refinery will commence on Sunday, September 15.
“From October 1, NNPCL will commence the supply of about 385kbpd of crude oil to the Dangote Refinery, to be paid for in Naira. In return, the Dangote refinery will supply PMS and diesel of equivalent value to the domestic market, to be paid in naira.
“Diesel will be sold in Naira by the Dangote refinery to any interested off-taker. PMS will only be sold to NNPCL, NNPCL will then sell to various marketers for now.”
Edun further disclosed that all associated regulatory costs (NPA and NIMASA, among others) would also be paid for in naira.
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