NNPC Pump Price Exceeds Initial N860, Sells Dangote Petrol At N950 In Lagos, N992 In Abuja, N1,019 In Borno
NNPC Limited has released new pump price across the country with additional cost for consumers.
This follows the loading of Premium Motor Spirit, PMS known as Petrol from Dangote Refinery on Sunday.
In a statement released to the public by the corporation; petrol in Lagos will now sell for N950 per litre from N855, Abuja is now N992.22 per litre from N897 while price in Borno will be N1,019.22 per litre.
It also insisted in the statement that it loaded the product at N898 per litre from Dangote challenging anyone with contrary figures to make it public.
The statement read;
“The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms 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 1st, 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% to the general public.
“Attached to this statement are the estimated pump prices of PMS (obtained from the Dangote Refinery) across NNPC Retail Stations the country, based on September 2024 pricing”.
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