The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery for nothing less than ₦950 per litre in Lagos.
In a statement by the Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, NNPCL said the estimated prices are based on negotiated terms between NNPC Ltd. and Dangote Refinery which recognise the current international gasoline prices and the prevailing foreign exchange rate.
The company also shared an infographic, showing that the lowest price for the product would be nothing less than ₦950 in Lagos and may go for as high as ₦1,019/litre in places like Borno State, and ₦999.22 in Abuja, Sokoto, Kano, and others.
In Oyo, Rivers and other areas in the South, it will be ₦960 per litre.
NNPCL further confirmed that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.
It would be recalled that the Dangote Group had disagreed with the NNPCL on Sunday that it was selling PMS at ₦898, but it failed to release its price list.
