CITIZENS COMPASS--The Nigerian National Petroleum Company (NNPC) Limited on Sunday, revealed the amount at which it loaded Premium Motor Spirit (PMS) otherwise known as petrol, from Dangote refinery.
Dangote refinery is located in the Ibeju-Lekki area of Lagos State.
According to the petroleum company, it bought the product at the rate of N898 per litre.
Recall that NNPCL on weekend, said 300 of its trucks had arrived Dangote refinery to lift the product on Sunday.
from the national oil firm arrived at the refinery, located in the Ibeju-Lekki area of Lagos State, to lift the first batch of petrol.
Explaining the price per litre, NNPC spokesman, Olufemi Soneye, said, “We successfully loaded PMS at the Dangote refinery today.
“The claim that we purchased it at N760 per litre is incorrect.
“For this initial loading, the price from the refinery was N898 per litre.”
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, had announced that NNPC would be the sole off-taker of refined petrol from Dangote refinery.
Adedeji added that petrol would only be sold to NNPC which will then sell to various marketers.
He also announced the completion of all agreements and modalities for the implementation of the Federal Executive Council approval on the sale of crude to local refineries in Naira and the corresponding purchase of petroleum products in the same currency.
—PUNCH
