Motorists will pay more for petrol lifted from the Dangote Refinery as the
Nigerian National Petroleum Company Limited Monday released a breakdown of estimated prices of the product.
A press statement signed by NNPCL spokesperson Olufemi Soneye said the pricing reflected the amount NNPCL paid Dangote Refinery for the lifting of the product at N898.78 per litre. And it would sell it N950.22 per litre in Lagos and environ.
Federal Capital Territory, Kaduna, Kano,
Sokoto, and other states, N999.22 per litre.
Borno State which stood at N1,019.22 per liter.
Rivers, Bayelsa, Akwa Ibom, Imo, and other states stood at N980, while Oyo State stood at N960.22.
“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,” said the statement.
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