By Sunday Apah
The Nigerian National Petroleum Company Limited (NNPC) announced that it will sell petrol sourced from the Dangote Refinery at N950 per litre in Delta and other Southern states and prices surpassing N1,000 per litre in various regions of the northern states.
In a statement released on Monday, NNPC spokesperson Olufemi Soneye detailed the estimated pump prices for Premium Motor Spirit (PMS) in a document titled ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’.
According to Soneye, petrol may reach as high as N1,019 per litre in locations like Borno State and priced at N999.22 in cities such as Abuja, Sokoto, and Kano. In southern states like Oyo and Rivers, the price is set at N960 per litre.
The most competitive price listed is N950 for Lagos and surrounding areas, as indicated in an infographic released by the NNPC.
“The NNPC Ltd has provided estimated pricing for Premium Motor Spirit, sourced from the Dangote Refinery, for its retail outlets throughout the nation,” Soneye stated.
He also emphasized that, in accordance with the Petroleum Industry Act, fuel prices are negotiated directly between parties and not dictated by the government.
Furthermore, the NNPC Ltd expressed its willingness to incorporate any discounts negotiated with the Dangote Refinery, ensuring that any reductions will be fully passed on to consumers.
The estimated pump prices, derived from the Dangote Refinery, will be implemented at NNPC retail stations based on the pricing set for September 2024.
It is worth noting that the Dangote Group recently contested the NNPC’s claims, stating that it was offering PMS at a price of N898, although it has yet to provide a detailed price list.
NNPC to Price Dangote Petrol at N960/litre in Delta, N950 in Lagos
By Sunday Apah
The Nigerian National Petroleum Company Limited (NNPC) announced that it will sell petrol sourced from the Dangote Refinery at N950 per litre in Delta and other Southern states and prices surpassing N1,000 per litre in various regions of the northern states.
In a statement released on Monday, NNPC spokesperson Olufemi Soneye detailed the estimated pump prices for Premium Motor Spirit (PMS) in a document titled ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’.
According to Soneye, petrol may reach as high as N1,019 per litre in locations like Borno State and priced at N999.22 in cities such as Abuja, Sokoto, and Kano. In southern states like Oyo and Rivers, the price is set at N960 per litre.
The most competitive price listed is N950 for Lagos and surrounding areas, as indicated in an infographic released by the NNPC.
“The NNPC Ltd has provided estimated pricing for Premium Motor Spirit, sourced from the Dangote Refinery, for its retail outlets throughout the nation,” Soneye stated.
He also emphasized that, in accordance with the Petroleum Industry Act, fuel prices are negotiated directly between parties and not dictated by the government.
Furthermore, the NNPC Ltd expressed its willingness to incorporate any discounts negotiated with the Dangote Refinery, ensuring that any reductions will be fully passed on to consumers.
The estimated pump prices, derived from the Dangote Refinery, will be implemented at NNPC retail stations based on the pricing set for September 2024.
It is worth noting that the Dangote Group recently contested the NNPC’s claims, stating that it was offering PMS at a price of N898, although it has yet to provide a detailed price list.
