The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it purchased petrol from the Dangote Refinery at a price of N898 per litre.
NNPCL reported that on Saturday, September 14, it dispatched around 300 trucks to the Lagos-based refinery, which has a daily capacity of 650,000 barrels. Loading operations began on Sunday.
There had been expectations that the entry of Dangote Refinery would lead to reduced petrol prices, given that it is a local refinery. However, NNPCL spokesperson Olufemi Soneye clarified that the fuel was acquired at N898 per litre, contrary to earlier reports suggesting a price of N760.
“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,” Soneye stated.
The Dangote Group, owned by Aliko Dangote, announced the start of its petroleum loading operations on its X account, sharing images and videos of trucks departing from the refinery.
“HAPPENING NOW: First set of trucks set for loading of PMS at the Dangote Petroleum Refinery,” the post read.
Zacch Adedeji, Chairman of the Federal Inland Revenue Service and a member of the Presidential Committee on the Sale of Crude Oil and Refined Products, had previously indicated that petrol supply from the Dangote Refinery would commence on September 15, following agreements on pricing and supply terms.
Adedeji also mentioned that NNPCL would be the exclusive buyer of petrol from the Dangote Refinery, with other marketers sourcing the product through the national oil company.
