Mary Onyia
Amid the disagreement between Dangote Refinery and the Nigerian National Petroleum Company Limited, NNPCL, over petrol pricing, NNPCL has disclosed that the petrol lifted from the Dangote Refinery will be sold at a price above N1,000 per litre in the far north, and about N950/ per litre in Lagos.
According to the NNPCL spokesperson, Olufemi Soneye, in a statement on Monday, titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’, said prices of fuel may go as high as N1,019/litre in places like Borno, N999.22 in Abuja, Sokoto, Kano and other states in the north.
He further said that in Oyo, Rivers and other areas in the South, it will be N960 per litre, and N950 in Lagos and its environs.
Soneye in the statement said that NNPCl paid in dollars the products it loaded from the Dangote Refinery on Sunday .
The statement read: “The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake”, noting that 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 per cent to the general public,” the statement added.
NNPCL in the statement noted 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.
Dangote Group had on Sunday, disagreed with the NNPC, which had claimed buying Fuel at N898/liter, from Dangote Refinery.