The NNPCL, on Monday, September 16, released pricing details for petrol, also known as premium motor spirit (PMS), produced by the Dangote Petroleum Refinery.
Despite the euphoria that greeted the commencement of activities by the Dangote Petroleum Refinery in Lagos, there are still lots yet to be fixed.
One of the developments is that Nigerian marketers are yet to access petrol lifted on Sunday by the Nigerian National Petroleum Company Limited (NNPCL) from Dangote Petroleum Refinery, according to reports by BusinessDay.
Abubakar Maigandi, who is the national president of IPMAN, stated that despite the refinery’s capacity to produce petrol locally, issues around pricing of the product had left marketers with the inability to access petroleum supplied from Dangote refinery.
“We have not been supplied petrol from Dangote Refinery as we wait for the NNPC on pricing,” he said.
“We are still selling old stocks of petrol. There is still so much uncertainty about pricing or when we will lift Dangote petrol,” the IPMAN President stated.
The NNPCL, on Monday, September 16, released pricing details for petrol, also known as premium motor spirit (PMS), produced by the Dangote Petroleum Refinery.
There was mild controversy on the pricing of petroleum from Dangote refinery, after the NNPC limited stated that it got each litre of petroleum at the rate of N898 per litre, a figure that Dangote refining company disputed.
Dangote explained that the crude stock from where it refined petroleum was bought in dollar and naira transaction in respect to crude oil will not commence till October.
Petroleum sells for as high as over N1000 in some locations of the country, while selling for N950 in others.
