On Sunday, the NNPCL commenced loading its initial batch of petrol from the Dangote Refinery, reporting a purchase price of N898 per litre from the private refinery. According to a pricing breakdown, the petrol will cost N1,019.22 per litre in Borno State; N999.22 per litre in Sokoto, Kano, and Kaduna States; N992.22 per litre in the Federal Capital Territory (FCT); N980.22 per litre in Rivers State; N960.22 per litre in Oyo State; and N950.22 per litre in Lagos State.
NNPC clarified that these September 2024 prices are based on figures provided by the Dangote Refinery, not set by the federal government. NNPC spokesperson Olufemi Soneye stated that the petrol from the Dangote Refinery was priced in dollars, with Naira-based sales expected to start in October.
Before sourcing petrol from the Dangote Refinery, NNPCL retail outlets in Lagos were selling petrol for around N855 per litre. The new Dangote petrol prices are reported to be N950 per litre in Lagos and N1,019 per litre in Borno.
However, the Dangote Refinery has denied selling petrol to NNPCL at N898 per litre, with spokesperson Anthony Chiejina calling the NNPCL’s claim “misleading and mischievous.” Chiejina noted that the refinery sold the petrol in dollars, offering significant savings compared to current import prices, and assured that petrol would be available in every local government area, including remote areas.
NNPCL maintains its claim of purchasing the petrol at N898 per litre and has challenged Dangote Refinery to disclose the actual sale price. NNPCL also released a detailed breakdown of its pricing for Dangote petrol at its filling stations nationwide.
READ ALSO: Finally! NNPC Reveals Purchase Price From Dangote Refinery
Last December, Dangote, a leading African industrialist, began operations at his $20 billion refinery in Lagos with a daily capacity of 350,000 barrels. After facing initial regulatory issues, the refinery aims to reach its full capacity of 650,000 barrels per day by the end of the year. The refinery has started supplying diesel and aviation fuel and is now distributing petrol.
Nigeria, the most populous country in Africa, faces ongoing energy challenges, with all state-owned refineries currently out of operation. The country heavily depends on imported refined petroleum products, and fuel shortages and high prices have become widespread issues.
