By Folusho Alade, Abuja
…We are paying in USD Based on September 2024 Pricing-NNPCL
… Naira transactions will only commence on October 1st, 2024-NNPCL
The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country according to a statement contained in a Press Release made available on Monday 16th, September 2024 and signed by Olufemi Soneye, Chief Corporate Communications Officer NNPC Ltd.
The statement read: ‘’The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arm’s length.
The statement further read ”NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.
The The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100% to the general public.
”Attached to this statement are the estimated pump prices of PMS (obtained from the Dangote Refinery) across NNPC Retail Stations in the country, based on September 2024 pricing. The statement said.
Soneye explained that the price may go for as high as N1,019/litre in places like Borno State, and N999.22 in Abuja, Sokoto, Kano, and others.
In Oyo, Rivers and other areas in the South, it will be N960 per litre.
The lowest price, according to an infographic released by the NNPC, is N950 in Lagos and its environs.
