NNPC to start lifting petrol from Dangote refinery on Sunday

…Dangote to deliver 25million litres of PMS daily via NNPC Trading Ltd

Dangote Refinery is set to commence the distribution of its refined petrol to retail outlets across Nigeria starting this Sunday, SEPT 15, 2024

Sources said the pump price of petrol will remain unchanged, despite the introduction of its product into the market.

The initial daily PMS supply expected from Dangote Refinery is 25 million litres, to be delivered through the NNPC Trading Limited at a cost of N765.99 to oil marketers in Nigeria.

“NNPC Trading Limited will continue to import a shortfall of 15 million litres of PMS to meet Nigeria’s daily demand for petrol estimated at 40-50 million litres a day,” a source said.

He added, “Each OIL marketer will take a maximum of 50 trucks daily;

They will buy at a price of N765.99 per liter through the NNPC Trading Limited, including their costs movement and sell at the current pump price of N855 to N897 depending on the location per litre”.