The Nigerian National Petroleum Company Limited (NNPCL) has announced that petrol sourced from the Dangote Refinery will be sold at prices exceeding N1,000 per litre in the northern regions of the country.
NNPC spokesperson Olufemi Soneye revealed this information on Monday through a statement titled ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing.’
According to Soneye, the price for petrol could reach as high as N1,019 per litre in Borno State, while in major cities such as Abuja, Sokoto, and Kano, the cost will be approximately N999.22 per litre.
READ ALSO: Dangote Refinery debunks NNPCL’s claims of N898 per Litre fuel price, clarifies sale in dollars
In contrast, southern states like Oyo and Rivers will see prices set at around N960 per litre. The lowest price will be recorded at N950 per litre in Lagos and its surrounding areas.
“The NNPC Ltd has released estimated prices of Premium Motor Spirit, also known as petrol (obtained from the Dangote Refinery) in its retail stations across the country.
“The NNPC Ltd also wishes to state 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,” he stated.
The company explained that the product it loaded on Sunday was paid for in dollars.
“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 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.
He stated that the estimated pump prices of PMS were obtained from the Dangote Refinery and will be across NNPC retail stations in the country, based on September 2024 pricing.
Recall that the Dangote Group had disagreed with the NNPC on Sunday that it was selling PMS at N898, but it failed to release its price list.
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