Hope rises as 300 trucks lift petrol at Dangote refinery today
…Price may crash to N865 per litre
CITIZENS COMPASS–Hope rises for Nigerians as no fewer than 300 trucks belonging to the Nigerian National Petroleum Company Limited (NNPCL) have arrived at the Dangote Refinery for the scheduled loading of Premium Motor Spirit (PMS) otherwise known as petrol today, Sunday, September 15, 2024.
The arrival of the NNPCL trucks at the Dangote Refinery to load the PMS was confirmed by NNPCL spokesperson, Olufemi Soneye, who shared a video on his X (formerly Twitter) handle on Saturday. According to Soneye, the trucks are arriving in preparation for the much-anticipated loading of petrol, marking a significant milestone in Nigeria’s domestic fuel supply chain.
“NNPC Ltd. trucks are arriving at the Dangote Refinery in preparation for the scheduled petrol loading on Sunday, September 15, 2024,” Soneye said. “By the end of today, at least 300 trucks will be stationed at the refinery’s fuel loading gantry.”
This move signals the commencement of large-scale distribution of petrol from the refinery, which is expected to help stabilise fuel supply across the country.
The loading of PMS by the NNPCL trucks is expected to provide some succour to Nigerians who have in the last few weeks been subjected to an unprecedented scarcity of products in the oil producing country.
Hopes for cheaper Premium Motor Spirit (PM), otherwise known as petrol, rose, last night, as indications emerged that the product may sell for between N857 and N865 per litre after the Nigerian National Petroleum Corporation Limited (NNPCL) starts lifting the product from Dangote Refinery today.
It was learnt that the NNPCL, as the sole off-taker of petrol from the refinery, is projected to lift the product at N960/N980 per litre and sell to marketers at N840/N850 to enable Nigerians to get it at between N857 and N865 at the pump at filling stations.
As of yesterday, petrol sold at N855 per litre at NNPCL retail stations in Lagos and it was the cheapest anyone could buy the product while major marketers sold around N920.
At independent marketers’ outlets, the price was over N1,000.
Elsewhere across the country, PMS sold for more than N1,200 per litre.
Meanwhile,the cost of transportation and prices of goods and services have witnessed a sharp increase, thereby further depleting the purchasing power of the citizenry.
