The Nigerian National Petroleum Company Limited (NNPCL) has announced estimated prices for Premium Motor Spirit (PMS), commonly known as petrol, sourced from the Dangote Refinery in September 2024. Prices vary across regions, with Lagos expected to see around N950.22 per litre and Borno State potentially reaching N1,019.22 per litre.
The Nigeria n National Petroleum Company Limited has released estimated prices for Premium Motor Spirit , commonly known as petrol, to be sourced from the Dangote Refinery in September 2024. The pricing estimates, announced on Monday by Chief Corporate Communications Officer Olufemi Soneye, forecast what Nigeria ns can expect to pay at NNPCL retail stations across different regions.According to the statement, the estimated price of PMS in Lagos is expected to be around N950.
This means that prices may vary depending on location and other market factors.Notably, NNPCL will pay Dangote Refinery in US dollars for the September 2024 PMS offtake, with Naira-denominated transactions set to commence on 1 October 2024. The company reassured Nigerians that in the event of any pricing disputes, NNPCL would pass on any discounts from Dangote Refinery directly to the public.
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