The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery have disagreed over the pricing of petrol supplied by the refinery. After NNPCL announced that they bought the petrol at N898 per litre, Dangote Refinery deemed the assertion as “misleading and mischievous.”
Dangote Refinery explained that the first shipments were sold at N898 per liter because the crude oil was imported in US dollars, and that price was not reflective of any agreement on pricing. The refinery also stated that it would wait for a more formal announcement on prices from the Technical Sub-Committee on Naira-based crude sales to local refineries, which President Bola Ahmed Tinubu is setting up, and which will commence operations on October 1, 2024.
Meanwhile, Nigeria’s fuel deficit may persist due to a 38.8% shortfall in the first delivery of Premium Motor Spirit (PMS) from Dangote Refinery to NNPCL. The refinery disbursed 16.8 million litre out of the scheduled 25 million liters.
NNPCL has mobilized over 300 trucks for transporting fuel from the refinery and has berthed a vessel for this purpose.
Additionally, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has lamented that the closure of NNPCL’s Retail portal has denied them access to Dangote petrol.
