EXCLUSIVE: Dangote Refinery to import 9 million litres of Petrol to balance NNPC stock
Fresh fact has emerged that Dangote Refinery is importing 9 million litres of Premium Motor Spirit (PMS) or petrol to balance Nigerian National Petroleum Corporation (NNPC) stock.
Currently, NNPC is buying 16.8 million litres of Petrol from Dangote Refinery out of the 25 million litres of petrol per day in September and increase to 30 million litres per day by October 2024.
A source revealed to WESTERN POST that the management of Dangote refinery is importing the balance and NNPC is tracking the shipment.
The Corporate Communications Manager of NNPC, Mr. Olufemi Soneye had stated that it received 16.8 million liters of petrol from Dangote Refinery.
He added that claims that it bought petrol at N1,300 or N760 were incorrect and the N898 was the current loading price.
He said, “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N1,300 per liter or N760 is incorrect. For this initial loading, the price from the refinery was N898 per liter. The price is determined by market forces. Its a deregulated market. I can also confirm, in response to inquiries, that we will receive 16.8 million liters.”
In a swift response, Dangote Refinery faulted the claim by NNPC Limited that it loaded petrol from the refinery at N898 per litre.
Dangote in a statement by Anthony Chiejina, Group Chief Branding and Communications Officer, described the claims as “misleading and mischievous”.
Dangote however clarified: “Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per f to the NNPCL.
“This statement is 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. 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”.
