The company confirmed that it is paying Dangote Refinery in United States Dollars for the September 2024 PMS offtake.
The Spokesperson of NNPCL, Olufemi Soneye disclosed this in a statement on Monday.
The state-owned company stressed that the Dangote Refinery Petrol gantry was bought at N898.78 per liter.
Consequently, the estimated cost price of petrol in Lagos, plus logistics, will stand at N950.22 per litre.
In other locations like Federal Capital Territory (Abuja), Sokoto, and Kano states, petrol will be sold at estimated prices of N999.22 per litre.
Rivers, Bayelsa, Akwa Ibom, Imo, and other states stood at N980, while Oyo State stood at N960.22.
Lastly, the highest pump price will be in Borno State which stood at N1,019.22 per liter.
“The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by the Government, but negotiated directly between parties at an arm’s length.
“The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 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.
“Attached to this statement are the estimated pump prices of PMS (obtained from the Dangote Refinery) across NNPC Retail Stations in the country, based on September 2024 pricing”, he stated.
Earlier Dangote Group Spokesperson, Anthony Chiejina faulted NNPCL’s statement that it bought Dangote Refinery petrol at N898 per liter upon the start of petrol supply by the Refinery.
This comes as NNPCL lifted petrol from Dangote Refinery on Sunday.
from dailypost
They say the high price is to prevent smuggling but why not secure our borders.
ReplyDeleteThat means it's the citizens that are paying for the prevention against smuggling; when they are supposed to highly secure the border.
DeleteThis regime must favour Chizaramekpere📌
ReplyDeleteLike they said,estimated prices.
ReplyDeleteWhat they sell in most filling stations is a different story altogether.
It is well in Jesus name.
All these things na write up jaree until you go fuel station nearest to you then you know wassup
ReplyDeleteI bought at 1300 per litre in ph,stadium Rd. Could only buy 10liters,me that wanted to fill my tank up.
DeleteI thought Dangote's spokesperson debunked the news.
ReplyDeleteI was just laughing when y’all were rejoicing about a refinery that would fix absolutely nothing. Just look at prices na. Just look at it!
ReplyDeleteFuel ⛽️ was N197 per litre on Monday Morning of May 2023...
ReplyDeleteAlot has changed 😕
This regime met fuel pump price at N197 per a liter, but emidiatly this man sat down as a president, everything changed for the worst, and since then the poor masses have been suffering it.
ReplyDeleteHow's it that the poor masses are the ones bearing the consequences for their inadequate to secure the borders??
Heii God!!🤯🤯🤯
Apple, i dnt want to believe it is ‘immediately’ u spelt like that.
DeleteSorry dear, na vex turned by brain upside down.☹️
Delete**Immediately**!!!
DeleteUnnecessary justification?
ReplyDeleteResponsiblity/blame shift?
Trying to pitch Nigerians against Dangote?
Lack of transparency?
Smells like a justification for what was already said about DR and the continued need for importation.
Regulation/trade agreement or what exactly is preventing Dangote from stating how much exactly he sold the fuel.
We really should learn to start making things easy for one another.
We have crude.A functional refinery.
Still.
It is sad.
Someone that knows or understands better should help us explain what exactly is going on
Really?! You still want someone to explain Nigeria for you to understand....No don't go through that turmoil...
DeleteWhat is the difference between 999 and 1k per liter
ReplyDeleteGod is here for us AMEN 🙏🙏🙏
Hello iya Boys
And I thought it would be lesser
ReplyDeleteYou all have not seen anything yet! Nigerians are getting what they deserve! Until you all boycott this government and sit down in your houses! stock up and leave the fuel for them; boycott anything relating to petroleum products!
ReplyDeleteI don't buy fuel for gen anymore! I work remotely! Leave every for them and blockbout the evil 😈 apc governance, like; they don't exist!!