Dangote sells petrol N898/litre to NNPC, motorists buy N855 at filling stations

Dangote sells petrol N898/litre to NNPC, motorists buy N855 at filling stations

Hours after commencing loading of petrol from Dangote Refinery in Lagos, the Nigerian National Petroleum Company Limited (NNPCL) on Sunday began dispensing fuel to motorists at its filling stations without too long queues.

This came as the NNPCL disclosed that that it bought fuel from Dangote at N898 per litre.

Spokesperson for the NNPCL, Olufemi Soneye, said, “We successfully loaded PMS (petrol) at the Dangote Refinery today.

“The claim that we purchased it at N760 per litre is incorrect. For this initial loading, the price from the refinery was N898 per litre.”

This is contained in a statement issued to Daily Trust on Sunday, clarifying that the price of petrol was higher than previously reported figures.

A correspondent of newstrends.ng however observed that the product was sold on Sunday at N855/litre at all filling stations controlled by the national oil firm in Lagos.

In Idimu, Egbeda and Akowonjo among other areas, the NNPC dispensing outlets were seen selling petrol in an orderly manner.

Some stations had short queues; some had none as the vehicles waiting to buy were within the walled compound.

The NNPCL on Saturday confirmed mobilising 300 trucks for loading at the Dangote Refinery’s 650,000 barrels per day capacity in Lagos.

Loading operations commenced on Sunday, with over 70 trucks loaded by afternoon.