The Nigerian National Petroleum Company Limited (NNPCL) has stated that it purchased petrol from the Dangote Refinery for N898 per litre.
NNPCL spokesman Femi Soneye told Channels Television that 16.8 million litres of petrol were lifted from the refinery.
“We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N1,300 per litre or at N760 is incorrect.
“For this initial loading, the price from the refinery was N898 per litre. I can also confirm, in response to your inquiries, that we will receive 16.8 million litres.
“As of 4 pm Sunday, we have loaded about 70 trucks today and it’s still ongoing,” he said.
The NNPCL began loading the first batch of petrol from the Dangote Refinery on Sunday.
Last December, Dangote, Africa’s leading industrialist, began operations at his $20 billion complex in Lagos, producing 350,000 barrels per day.
The refinery, which was previously hampered by regulatory disputes, wants to reach full capacity of 650,000 barrels per day by the end of the year.
The refinery has begun to deliver diesel and aviation fuel to the country’s marketers, as well as petrol.
Nigeria, Africa’s most populous country, is facing energy issues, with all of its state-owned refineries inoperable. The country relies significantly on imported refined petroleum products, with the state-owned NNPC being the primary importer of these critical commodities.
Fuel lineups are widespread throughout the country. Since the elimination of subsidies in May 2023, petrol prices have tripled from around ₦200/litre to around ₦1000/litre. This has compounded the woes of Nigerians who rely on petrol to power their vehicles and generators due to the decades-long epileptic energy supply.
