Borno N1019, FCT N992 … NNPC releases Dangote petrol prices across Nigeria
In a notice on Monday, NNPC Ltd, the prices showed that Nigerians may pay as much as N1000 per litre for petrol at some of the corporation's retail stations.
The Nigerian National Petroleum Company Limited (NNPCL) has released the estimated prices of petrol obtained from the Dangote Refinery based on September 2024 pricing in its retail stations across the country.
In a press statement on Monday, NNPC Ltd, the prices showed that Nigerians may pay as much as N1000 per litre for petrol at some of the corporation’s retail stations.
According to the statement, the estimated pump prices include Lagos, N950 per litre; Sokoto, N992 per litre; Oyo, N960 per litre; Kano, N999 per litre; Kaduna, N999 per litre; FCT, N992 per litre; Rivers, N980 per litre; and Borno, N1019 per litre.
The company said in line with the provisions of the Petroleum Industry Act (PIA), petrol prices are not set by the government but negotiated directly between parties.
“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 1st, 2024,” the notice reads.
“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% to the general public.”
On Sunday, the Dangote refinery countered the claim by the company that its petrol was sold at N898 per litre to the NNPCL.
Anthony Chiejina, the Dangote’s group chief branding and communications officer, said the statement was “both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years”.
“We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars. It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing,” Chiejina added.
“With this action, there will be petrol in every local government area of the country regardless of their remote nature. We assure Nigerians of availability of quality petroleum product and putting an end to the endemic fuel scarcity in the country. Anthony Chiejina Group Chief Branding and Communications Officer 15th September 2024”
