The Back and forth between the Management of the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Group over the pump price of Petrol does not appear to be abating anytime soon as the nation’s oil dealer released a counter statement on Monday morning, aiming to further clarify the price of petrol it lifted from Dangote refineries.
In a statement posted to social media and signed by NNPCL’s spokesman, Olufemi Soneye, the oil firm said it “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,” and listed ₦950.22 as the estimated pump price of petrol in Lagos.
Full Statement:
NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing
The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), 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 (PIA), PMS prices are not set by Government, but negotiated directly between parties on 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% 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.
Olufemi Soneye
Chief Corporate Communications Officer NNPC Ltd Abuja
16th September 2024
