The Nigerian National Petroleum Company Limited has announced that it purchased fuel from the Dangote Refinery at a rate of N898 per litre.
This was disclosed by the Chief Spokesperson of NNPCL, Olufemi Soneye on Sunday, according to Daily Trust.
Soneye also reiterated that earlier report that the NNPC purchased petrol at N760 per litre was inaccurate.
He said “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N760 per liter is incorrect. For this initial loading, the price from the refinery was N898 per liter.”
He stated that of the time of this report, over 70 trucks had already been loaded.
The national oil company earlier said on Saturday that it deployed around 300 trucks to the 650,000-capacity refinery in Lagos, and petrol loading began on Sunday.
Recall NNPC had last week said it was not the sole off-taker of products from the Dangote refinery, adding that the refinery was free to sell its petrol to any marketers of choice.
However, a week after the statement, the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, noted that interested marketers would have to buy the product from the national oil firm through its trading company.
He said, “I am glad to announce that all agreements have been put in place, and the loading of the first batch of PMS, as already announced by NNPC, will commence on Sunday, September 15, 2024. And from October 1, NNPC will commence the supply of crude oil to the Dangote refinery to be paid in naira.
“In return, Dangote refinery will supply PMS and diesel of equivalent value to the domestic market to be paid in naira. But for now, PMS will only be sold to NNPC. NNPC will then sell to various marketers.”
However, marketers have called for direct access to PMS from the Dangote Refinery, criticizing the NNPC’s dominant control over the market.
They argue that greater access to the refinery’s output would improve competition and market efficiency.
