NNPC Bought Petrol from Dangote Refinery at N898 Per Litre
The Nigerian National Petroleum Company Limited (NNPC) has revealed that it purchased petrol from Dangote refinery at N898 per litre. This disclosure contradicts earlier reports claiming the purchase price was N760 per litre.
NNPC Spokesman Olufemi Soneye confirmed the correct price, stating, “For this initial loading, the price from the refinery was N898 per litre.” As of the report, over 70 trucks had been loaded with petrol from the refinery.
The Minister of Finance, Wale Edun, had announced that NNPC would be the sole off-taker of refined petrol from Dangote refinery. Diesel from the refinery will be sold in Naira to interested off-takers, while petrol will be sold exclusively to NNPC, which will then distribute it to various marketers.
Key Facts:
- NNPC bought petrol from Dangote refinery at N898 per litre
- Over 70 trucks loaded with petrol as of report
- NNPC sole off-taker of refined petrol from Dangote refinery
- Diesel to be sold in Naira to interested off-takers
- Petrol to be sold exclusively to NNPC for distribution to marketers
The commencement of petrol loading from Dangote refinery marks a significant milestone in Nigeria’s efforts to enhance domestic refining capacity and reduce reliance on imported fuel. The partnership between NNPC and Dangote refinery is expected to improve fuel availability and stabilize prices in the country.
