Emerging reports indicate that the Dangote Refinery is poised to sell petrol at ₦766 per litre to the Nigeria National Petroleum Company Limited (NNPC).
This development follows the arrival of at least 300 trucks from NNPC at the refinery.
NNPC spokesperson, Olufemi Soneye, announced on his X handle (formerly Twitter) on Saturday that the trucks have arrived and are set to begin loading petrol on Sunday, September 15, 2024.
A major marketer who spoke with Punch on the development said, “What we are going to see based on the deal between NNPC and Dangote is similar to the DSDP (Direct Sale of crude oil and Direct Purchase of petroleum products) transactions that used to exist between NNPC and foreign refineries in the past.
“And this has impacted positively on the price of petrol that Dangote is selling to NNPC because the cost is around ₦766/litre. But I can’t tell how much NNPC is going to sell to marketers now.”
Another senior aide to President Bola Tinubu, who spoke on condition of anonymity, confirmed that the petrol would be sold at ₦766/litre.
“NNPC Ltd. trucks are arriving at the Dangote Refinery in preparation for the scheduled petrol loading on Sunday,” Soneye said. “By the end of today, at least 300 trucks will be stationed at the refinery’s fuel loading gantry.”
