NNPC announces new Dangote fuel prices: ₦1,019/litre in Kano, ₦960 in Rivers, ₦950 in Lagos
The Nigerian National Petroleum Company Limited (NNPC) has announced that petrol from the Dangote Refinery will be sold at over ₦1,000 per litre in northern regions.
NNPC spokesperson Olufemi Soneye revealed this in a statement issued early Monday, titled ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing,’ which was made available to newsmen.
Soneye noted that prices could reach as high as ₦1,019 per litre in places like Borno State, and ₦999.22 in Abuja, Sokoto, Kano, and other northern locations.
In Oyo, Rivers, and other areas in the South, the price will be ₦960 per litre.
According to an infographic released by the NNPC, the lowest price is ₦950 in Lagos and its surrounding areas.
“The NNPC Ltd has released the estimated prices of Premium Motor Spirit (PMS), also known as petrol, obtained from the Dangote Refinery, for its retail stations across the country.
“The NNPC Ltd also wishes to clarify that, in line with the provisions of the Petroleum Industry Act, PMS prices are not set by the government but are negotiated directly between parties at arm’s length,” he stated.
The company explained that the product it loaded on Sunday was paid for in dollars.
“The NNPC Ltd confirms that it is paying the Dangote Refinery in USD for September 2024 PMS offtake, as naira transactions will only commence on October 1, 2024.
“The NNPC Ltd assures that if the quoted pricing is disputed, it will welcome any discounts from the Dangote Refinery, which will be passed on 100 percent to the general public,” the statement added.
He stated that the estimated pump prices of PMS, obtained from the Dangote Refinery, will apply to NNPC retail stations across the country based on September 2024 pricing.
Recall that the Dangote Group disagreed with the NNPC on Sunday, claiming it was selling PMS at ₦898, but it did not release its price list.
Proofreading by Uchechi Ojo, Sub-editor at Neptune Prime.
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