Exciting news for Nigerians as Dangote offers petrol to NNPC at N766 per liter, ensuring a brighter future for all.

The Fount gathered that the Dangote refinery would sell its petrol at N766 to the NNPC.

Multiple sources from the Federal Ministry of Petroleum Resources, NNPC, and major energy marketers confirmed that the deal to supply crude to the Dangote refinery in naira was a key factor that led to the PMS price.

“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.

“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 really impacted positively on the price of petrol that Dangote is selling to NNPC, because the cost is around N766/litre. But I can’t tell how much NNPC is going to sell to marketers now,” a major marketer, due to lack of authorisation to comment on the matter, stated.

A trusted senior aide to President Bola Tinubu subtly confirmed that petrol would indeed be sold to NNPC at 766 naira per litre.

Pump Price Likely to Reduce

In response to the Dangote fuel price, a senior IPMAN official emphasized that if marketers could procure the product at N766, they would need to factor in the cost of transportation, levies and other margins.

He said, “Give and take, we can sell at N790 in Lagos. In the far north, it may be N820 per litre because of the distance.”

Gillis-Harry, however, said his group was not aware of the price of fuel from the Dangote refinery.

“Well, it will be acceptable because now we are paying NNPC N870 for a litre, so if we see it at N766, it is cheaper and we will prefer to buy that.

Today, 300 NNPC trucks load fresh fuel from the Refinery

Earlier we reported The NNPC on Saturday said it had mobilised 300 trucks to lift PMS from the Dangote refinery today.

The spokesperson for the corporation, Olufemi Soneye, told one of our correspondents that the mobilisation of trucks to the refinery was based on the agreement reached by both parties as regards the lifting of petrol from the $20bn Lekki-based facility.