This development follows the arrival of at least 300 trucks from NNPC at the refinery.
Multiple sources within the Federal Ministry of Petroleum Resources, NNPC, and major energy marketers have confirmed that the agreement to supply crude oil to the Dangote refinery in naira has significantly influenced the pricing of Premium Motor Spirit (PMS).
NNPC spokesperson, Olufemi Soneye, announced on his X handle (formerly Twitter) on Saturday that the trucks have arrived and are set to begin loading petrol on Sunday, September 15, 2024.
A major marketer who spoke with Punch on the development said, “What we are going to see based on the deal between NNPC and Dangote is similar to the DSDP (Direct Sale of crude oil and Direct Purchase of petroleum products) transactions that used to exist between NNPC and foreign refineries in the past.
“And this has really impacted positively on the price of petrol that Dangote is selling to NNPC, because the cost is around ₦766/litre. But I can’t tell how much NNPC is going to sell to marketers now.”
Another senior aide to President Bola Tinubu, who spoke on condition of anonymity, confirmed that the petrol would be sold at ₦766/litre.
Human rights lawyer, Dele Farotimi, has condemned the description of former Military President, Ibrahim Badamasi Babangida (IBB)…
The National President of the Afenifere Youth Council, Prince Eniola Ojajuni, has been abducted by…
Human rights lawyer, Deji Adeyanju has threatened to petition various embassies to place visa ban…
No matter how hard Babangida tries to rewrite his own history, the grimness of his…
A former Military President of Nigeria, Ibrahim Badamosi Babangida, has denied any involvement in the…
The Governor of Rivers State, Siminalayi Fubara has stated that God allowed the crisis in Rivers State…