The Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited gave divergent views over the price of Premium Motor Spirit, popularly called petrol, produced and pumped out on Sunday by Dangote Refinery.
While both oil firms have different accounts of the price of PMS dispensed by Dangote yesterday, independent oil marketers say they are still awaiting the price of the commodity from the sole off-taker of the product – NNPC.
This came as the major oil marketers told one of our correspondents that they got PMS from NNPC at the rate of N766/litre, while NNPC said it bought the product from Dangote at N898/litre.
NNPC also said it was to load 16.8 million litres of petrol from the Dangote refinery on Sunday, in contrast to the 25 million litres that the refinery had announced earlier it would release to the national oil company on a daily basis.
The spokesperson of NNPC, Olufemi Soneye, confirmed that over 70 trucks of PMS departed the Dangote refinery on Sunday, which was the first day for the release of petrol from the plant to the domestic market.
It was also gathered from the national oil company that over 48 million litres of crude oil had been supplied and scheduled for supply to the $20bn Lekki-based refinery by NNPC from December 2023 to October 2024.
NNPC officially commenced the loading of petrol from the 650,000 barrels per day capacity Dangote Petroleum Refinery on Sunday.
