Relief as Dangote set to begin petrol sale through NNPC

Relief as Dangote set to begin petrol sale through NNPC

The much awaited Dangote petrol will hit the filling stations across the country any moment from now.

But the product will only for now be sold through the Nigerian National Petroleum Company Limited until a seamless direct sale to the marketers is worked out, according to a Monday report by The Punch.

The reported quoted sources as saying the government and the Dangote Group were working out modalities for the circulation of the product.

This is expected to ease the current fuel scarcity being experienced across the country.

A government source reportedly said that the sale and distribution of the PMS issues are being sorted out with the Federal Government.

This is coming after the problem of crude supply to the Dangote refinery from the NNPCL was resolved.

READ ALSO:

• LaLiga: Mbappe scores first Real Madrid goals in win against Real Betis
• Rivers siblings in police net for abducting, gang-raping 14-year-old girl
• We’re in debt, can’t guarantee regular fuel supply – NNPC

President Bola Tinubu had directed the NNPC to sell crude to the refinery and other local refiners from about 440,000 barrels per day reserved for refining in Nigeria.

President of the Dangote Group Aliko Dangote had earlier complained that the operation of his new refinery was being frustrated.

Dangote alleged that the IOCs insisted on selling crude oil to its refinery through their foreign agents, saying the local price of crude would continue to increase because the trading arms offered cargoes at $2 to $4 per barrel, above official price.

The PUNCH also reported last month that the Dangote refinery engaged in an exchange of words with the Nigerian Upstream Petroleum Regulatory Commission over the alleged supply of 29 million barrels of crude oil to the refinery.

The NUPRC debunked the claim and declared that it facilitated the supply of over 29 million barrels of crude oil to Dangote from January to June 2024.

The NUPRC said it had facilitated the domestic supply of crude oil to Dangote refinery and other refineries using the monthly production curtailment platform.

But in a response, the Dangote Group denied receiving 29 million barrels of crude from any source.

But all that is in the past now as the Federal Government recently announced that the crude oil supply deal would commence in October.

Relief as Dangote set to begin petrol sale through NNPC