“The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only...
SPECIAL REPORT: Antimicrobial resistance crisis heightens in Nigeria, other countriesSalute to the Lagos aborigine, By Wole OlaoyeSPECIAL REPORT: Antimicrobial resistance crisis heightens in Nigeria, other countriesSalute to the Lagos aborigine, By Wole OlaoyeThe Nigerian National Petroleum Company Limited has estimated that N950 is the selling price in Lagos for petrol sourced from the.
Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.The estimated pump price for Lagos at NNPC stations is higher than the current pump price at NNPC stations in the commercial city, which is less than N900. The estimated selling prices at NNPC outlets in other states is also higher than the prevailing prices.
In the meantime, NNPC would still need to import some petrol to augment the volume produced by the Dangote refinery. “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 on an arm’s length.
The NNPC Ltd assured 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.
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