The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it purchased Premium Motor Spirit (PMS), commonly known as petrol, at ₦898 per litre from the Dangote Refinery, dismissing earlier reports of a lower price. In a statement on Sunday, NNPCL spokesperson Olufemi Soneye clarified the true cost, countering claims of a ₦760 price tag.
The NNPCL has mobilized about 300 trucks to the refinery, with over 70 already loaded. As part of the agreement, NNPCL remains the sole buyer of petrol from Dangote Refinery, while diesel will be available to other off-takers. From October 1, crude oil will be supplied to the refinery, and payments for both crude and petroleum products will be made in Naira.
