The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it bought fuel from Dangote Refinery at N898 per litre.
The oil firm had moved about 300 trucks to the 650,000 capacity refinery in Lagos, on Saturday, and loading commenced on Sunday.
According to Daily Trust over the price of premium motor spirit (PMS), otherwise known as petrol, Chief Spokesperson of the NNPCL, Olufemi Soneye, said, “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N760 per liter is incorrect. For this initial loading, the price from the refinery was N898 per liter.”
He told DailyTrust correspondent that as of the time of filing the report, over 70 trucks had been loaded.
“Since then, the implementation committee chaired by the Hon. Minister of Finance and the technical committee have worked intensely with NNPCL and Dangote Refinery to fashion out the details of the modalities for the implementation of the FEC approval.
READ MORE: JUST IN: NNPCL Mobilises Over 100 Trucks To Dangote Refinery For Sunday’s Fuel Loading
“I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday 15th September. From 1st October, NNPC will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in Naira.
He added that all associated regulatory costs (NPA, NIMASA, etc.) will also be paid for in Naira.
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