The hope of millions of Nigerians expecting a reduced cost of petrol from Dangote Refinery’s intervention may have been dashed as the Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Lagos-based mega firm at a price above N1,000 per litre in the far north.
It will be N950 in Lagos, according to NNPL.
Many had hoped that the price would not be that high as even the last given by NNPCL was N897 per litre for the petrol it imports.
On Sunday, the management of Dangote Refinery said the price it was selling to NNPCL was more favourable than what the Mele Kyari-led controversial institution gets from abroad.
But there is a twist as the NNPC spokesperson, Olufemi Soneye, disclosed on Monday, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’, that the price might go for as high as N1,019/litre in places like Borno State, and N999.22 in Abuja, Sokoto, Kano, and others.
In Oyo, Rivers and other areas in the South, it will be N960 per litre.
The lowest price, according to an infographic released by the NNPC, is N950 in Lagos and its environs.
“The NNPC Ltd has released estimated prices of Premium Motor Spirit, also known as petrol (obtained from the Dangote Refinery) in its retail stations across the country.
“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 at an arm’s length,” he stated.
The company explained that the product it loaded on Sunday was paid for in dollars.
