NNPCL to Sell Dangote Petrol N950 in Lagos, N960 in South, N1,019 in Far North

The Nigerian National Petroleum Company Limited (NNPCL)  has finally fixed the pump price of petrol that it started loading from the Dangote Refinery,  Lagos on Sunday.

The NNPCL fixed the price of the product between N950 in Lagos and N1,019 in Maiduguri, Borno State.

In a statement issued on Monday by the Spokesperson of the NNPCL,  Olufemi Soneye.

In a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing,” the company said that petrol will be sold for  N1,019/litre in Borno State, and N999.22 in Abuja, Sokoto, Kano, and others.

While in Oyo, Rivers and other areas in the South, the product will sell for N960 per litre.

The statement reads in part:

“The NNPC Ltd has released estimated prices of Premium Motor Spirit, also known as petrol (obtained from the Dangote Refinery) in its retail stations across the country.

“The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act, PMS prices are not set by the government, but negotiated directly between parties at an arm’s length.”

“The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as naira transactions will only commence on October 1, 2024.

“The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100 per cent to the general public.”