Would you like to receive notifications on latest updates of the following headlines?

NNPCL plans to sell Dangote petrol at N1,019/litre in Borno, N950 in Lagos

POSTED ON September 16, 2024 •   BUSINESS      BY Abiodun Saheed Omodara
Dangote Refinery l Credit: File Image

The Nigerian National Petroleum Company Limited has said it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north.

The NNPC spokesperson, Olufemi Soneye, disclosed this on Monday, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’.

Soneye explained that the price might go for as high as N1,019/litre in places like Borno State, and N999.22 in Abuja, Sokoto, Kano, and others.

In Oyo, Rivers and other areas in the South, it will be N960 per litre.

The lowest price, according to an infographic released by the NNPC, is N950 in Lagos and its environs.

“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.

READ ALSO
Dangote Advocates Affordable Housing Solutions at Africa International Housing Show
BY Abiodun Saheed Omodara August 1, 2025 0

Dangote Cement Plc has urged stakeholders in Nigeria's housing sector to adopt affordable mass housi...

READ ALSO
NOGASA Warns of Nationwide Disruptions as Dangote Refinery Plans Direct Supply to Consumers
BY Abiodun Saheed Omodara August 1, 2025 0

The Natural Oil and Gas Suppliers Association of Nigeria has issued a warning regarding the Dangote...

READ ALSO
NBS Reports Surge in Cooking Gas and Kerosene Prices across Nigeria
BY Abiodun Saheed Omodara July 31, 2025 0

The National Bureau of Statistics (NBS) has announced a rise in the average costs of cooking gas and...

READ ALSO
FG to Raise N796bn Annually from New 5% Petrol Surcharge
BY Abiodun Saheed Omodara July 31, 2025 0

The Federal Government is expected to generate N796bn annually from the implementation of a five per...

READ ALSO
Business Owners in Abuja Raise Alarm over Rising Operational Costs and Falling Sales
BY Abiodun Saheed Omodara July 30, 2025 0

Business owners in the Federal Capital Territory have voiced their worries about the escalating cost...

READ ALSO
33 African Startups Cease Operations in 30 Months Amid Shift to Sustainability
BY Abiodun Saheed Omodara July 30, 2025 0

In the last 30 months, from January 2023 to mid-2025, approximately 33 startups in Africa ceased ope...

READ ALSO
Nigerian Financial Institutions Urged to Adopt Real-Time Tools to Combat Rising Fraud
BY Abiodun Saheed Omodara July 30, 2025 0

Financial institutions in Nigeria and throughout Africa have been encouraged to implement real-time...

READ ALSO
NDLEA Conducts Public Auction of Properties Linked to Drug Trafficking
BY Abiodun Saheed Omodara July 30, 2025 0

The National Drug Law Enforcement Agency (NDLEA) held a public auction yesterday for houses that wer...

OUR CHANNELS:

PDP Announces Schedule for National Convention: Revealed Key Dates
BY Abiodun Saheed Omodara August 4, 2025 0

The National Working Committee (NWC) of the People’s Democratic Party (PDP) has announced its...


Tinubu's Spokesperson Accuses Peter Obi of Dishonesty Over Political Promises
BY Abiodun Saheed Omodara August 5, 2025 0

The spokesperson for President Bola Tinubu, Bayo Onanuga, has accused Peter Obi, a former governor o...


Weather Alert: NiMet Cautions against Flash Floods in Northern and Southern Regions
BY Abiodun Saheed Omodara August 5, 2025 0

The Nigerian Meteorological Agency (NiMet) has projected rain and thunderstorms nationwide from Mond...


LG Chairman Champions Seyi Tinubu for Lagos Governorship
BY Abiodun Saheed Omodara August 4, 2025 0

In the quest for a successor to Lagos State Governor Babajide Sanwo-Olu, the chairman of Oshodi-Isol...


Military Dismantles Drug Cartels, Arrests Suspects
BY Abiodun Saheed Omodara August 4, 2025 0

Military officials at the Jaji Military Cantonment in Kaduna State have declared the dismantling of...


Historic Leap for Education: Federal Polytechnic Ilaro Elevated to University Status
BY Abiodun Saheed Omodara August 4, 2025 0

The Olu of Ilaro and the paramount ruler of Yewaland, Oba Kehinde Olugbenle, has praised President B...


SERAP Demands Immediate Reopening of Badeggi FM Amid Claims of Gov. Censorship
BY Abiodun Saheed Omodara August 4, 2025 0

The Socio-Economic Rights and Accountability Project (SERAP) has given Governor Umar Bago of Niger S...


Northern Ex-Lawmakers Divided Over Tinubu's 2027 Re-Election Bid
BY Abiodun Saheed Omodara August 3, 2025 0

Former federal lawmakers from northern Nigeria are sharply divided over President Bola Tinubu’...


SERAP Raises Alarm Over Public Officials' Lack of Accountability
BY Abiodun Saheed Omodara August 5, 2025 0

The Socio-Economic Rights and Accountability Project (SERAP) expressed its concerns on Saturday rega...


Tinubu Calls for Enhanced Regional Integration to Boost West Africa's Economic Competitiveness
BY Abiodun Saheed Omodara August 5, 2025 0

President Bola Tinubu has highlighted the crucial need for enhanced regional integration throughout...


More Articles

Load more...

Menu