NNPCL confirms buying 16.8 million litres of petrol from Dangote at N898 per litre 

In a chat with Naijaonpoint, the Corporate Communications Manager of the company, Olufemi Soneye stated that claims that it bought PMS at N1,300 or N760 were incorrect and the N898 was the current loading price.  

He said, “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N1,300 per liter or N760 is incorrect. For this initial loading, the price from the refinery was N898 per liter. The price is determined by market forces. Its a deregulated market. I can also confirm, in response to inquiries, that we will receive 16.8 million liters.”   

The NNPC began loading PMS from the Dangote refinery on Sunday 15th September, 2024 after months of delays both from the NNPC on the price and other business details and also the final work on the part of the refinery. 

Before operations began, Femi Soneye, Chief Corporate Communications Officer (CCCO) of NNPC Ltd, announced on Saturday that by the end of the day, at least 300 trucks would be positioned at the refinery’s loading gantry, ready for the scheduled petrol loading on Sunday, September 15.  

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, recently announced that NNPCL would serve as the exclusive off-taker for refined petrol from the Dangote Refinery.