NNPCL Update On Dangote Refinery Petrol Price, and Purchase

The Nigerian National Petroleum Company Limited has disclosed that it is negotiating purchase
of premium Motor Spirit(petrol) with the Dangote Refinery ahead of Sunday, 15th,september,2024.

The Spokesperson of NNPCL, Olufemi Soneye revealed this in an interview on Thursday.
Olufemi Soneye was responding to a statement by the Vice President of Dangote Industries Limited, Devakumar Edwin that local marketers are boycotting Dangote Refinery’s petrol despite offering lower prices.

However, The Nigerian National Petroleum Company Limited spokesman clarified that he doesn’t believe that local marketers will boycott a product with lower prices.

He maintained that NNPCL is currently negotiating with Dangote Refinery over petrol pricing.

According to him, The Nigerian National Petroleum Company Limited (NNPCL) was awaiting the Sunday, September 15 date announced by Dangote Refinery to commence PMS supply.

“I don’t believe local marketers will boycott Premium Motor Spirit (PMS) with lower prices; that seems unprofitable.

“We are currently negotiating prices with the Dangote Refinery. We were informed that it would be available by September 15, so we are waiting for that”, he said .

Recall that Executive Vice President of Downstream of the Company, Adedapo Segun had confirmed that NNPCL will lift Dangote Refinery Petrol.

In the first week of September, the President of Dangote Group officially announced the rollout of Dangote Refinery’s petrol.

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