We Purchased Fuel from Dangote Refinery at N898 Per Litre — NNPC

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it purchased premium motor spirit (PMS), commonly known as petrol, from Dangote Refinery at the rate of N898 per litre.

This revelation was made by the Chief Spokesperson of NNPCL, Olufemi Soneye, during an interaction with reporters.

Soneye clarified that the widely circulated claim suggesting NNPCL had bought petrol from the refinery at N760 per litre was incorrect, stating, “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.

It was earlier reported that Dangote Refinery in Lagos commenced the loading of its first batch of Premium Motor Spirit (PMS).

In the same vein, speaking earlier, Chinedu Ukadike, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), praised the refinery’s development, stating that IPMAN is fully prepared to purchase and distribute the refinery’s products.

We are battle-ready to gulp any available PMS from Dangote Refinery, Ukadike said, noting that this would ease the country’s fuel distribution system.

Ukadike further emphasised that while IPMAN is not opposed to NNPCL being the sole off-taker of Dangote Refinery’s PMS due to its investment in the refinery, direct sales to independent marketers would significantly reduce fuel prices for consumers.

Selling directly to IPMAN will reduce the final cost on consumers as it will eradicate distribution round-tripping, he added.

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