Petrol price: Dangote, NNPC differ as refinery supplies 16m litres

Petrol price: Dangote, NNPC differ as refinery supplies 16m litres post thumbnail image
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The Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited gave divergent views over the price of Premium Motor Spirit, popularly called petrol, produced and pumped out on Sunday by Dangote Refinery.

While both oil firms have different accounts of the price of PMS dispensed by Dangote on Sunday, independent oil marketers say they are still awaiting the price of the commodity from the sole off-taker of the product – NNPC.

This came as the major oil marketers told one of our correspondents that they got PMS from NNPC at the rate of N766/litre, while NNPC said it bought the product from Dangote at N898/litre.

NNPC also said it was to load 16.8 million litres of petrol from the Dangote refinery on Sunday, in contrast to the 25 million litres that the refinery had announced earlier it would release to the national oil company on a daily basis.

The spokesperson of NNPC, Olufemi Soneye, confirmed that over 70 trucks of PMS departed the Dangote refinery on Sunday, which was the first day for the release of petrol from the plant to the domestic market.

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