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Nigerians’ hopes of getting cheaper petrol may have been dashed as the Nigerian National Petroleum Corporation (NNPCL) has revealed that it is buying petrol from the Dangote Refinery at N898 per litre. The revelation comes amid expectations that the new source of petrol could bring down prices.
Ripples Nigeria reported that the loading of gasoline from the 650,000 barrel-per-day Dangote Refinery began on Sunday. About 300 trucks from NNPCL arrived at the refinery in Ibeju-Lekki, Lagos State, to pick up the first batch of gasoline.
NNPCL spokesperson Olufemi Soneye responded to the pricing issue, saying, “We successfully loaded PMS at Dangote Refinery today. The claim that we bought it at N760 per litre is not true. For this initial loading, the refinery price was N898 per litre.”
Also read: Finally, NNPC Ltd trucks start lifting petrol at Dangote refinery
Soneye also said that more than 70 trucks had loaded gasoline from the refinery at the time of the report.
Minister of Finance and Coordinating Minister for Economic Affairs, Wale Edun, had earlier stated that NNPCL would be the exclusive buyer of refined petrol from the Dangote Refinery.
At a Technical Sub-Committee meeting on crude oil sales to local refineries on Friday, Edun, represented by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service, announced that diesel from the refinery would be sold in Naira to any interested buyer, while petrol would be sold exclusively to NNPCL, which would then distribute it to various marketers.
Adedeji also confirmed the completion of agreements and modalities for implementing the Federal Executive Council approval for the sale of crude oil to local refineries and purchase of petroleum products in Naira.
Hopes for cheaper petrol dashed after NNPCL claims to buy from Dangote at N898 per litre first appeared on Latest Nigeria News | Headlines from Ripples Nigeria.
