As the Dangote Refinery is set to begin the distribution of Premium Motor Spirit (PMS), also known as petrol, Nigerians are keen to understand what this development means for the country. Here are four important things to know as the distribution starts:
- NNPC to Handle Initial Distribution:
The Nigerian National Petroleum Company Limited (NNPC) will be the sole distributor of petrol from Dangote Refinery at the start. This means the NNPC will distribute the fuel to marketers who will then sell it to consumers. - No Immediate Price Changes at the Pump:
The commencement of petrol distribution from the Dangote Refinery is not expected to cause any changes in fuel prices at this early stage. Consumers can expect prices to remain stable as the process begins.
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- Solution to Fuel Shortages:
The Dangote Refinery’s entry into the market is seen as a solution to Nigeria’s long-standing issues with fuel supply. With local production ramping up, the refinery is expected to reduce fuel shortages and make petrol more readily available across the country. - Marketers Will Negotiate Pricing Later:
While the NNPC will handle initial distribution, marketers will later begin direct offtake of petrol from the Dangote Refinery. This will happen once they reach an agreement on pricing with the refinery.
This marks a significant step in Nigeria’s move toward self-sufficiency in fuel production, aiming to reduce dependence on imports and ensure steady supply across the nation.
Source: DAILY POST.
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