The Nigerian National Petroleum Company Limited (NNPCL) has announced the retail prices for petrol sourced from the Dangote Refinery, detailing the costs across various states in Nigeria. This move comes as part of the company’s transparency efforts in line with the Petroleum Industry Act (PIA).
According to a statement issued by Olufemi Soneye, Chief Corporate Communications Officer at NNPCL, petrol from the Dangote Refinery will be priced in U.S. dollars for September 2024. The transition to sales in Nigerian Naira is scheduled to start on October 1, 2024.
Our Data Prices On JMData:
- MTN SME 1: N255 per 1GB
- MTN SME 2: N259 per 1GB
- Airtel CG: N278 per 1GB
- Glo CG: N230 per 1GB
- 9mobile: N125 per 1GB
Download Our Mobile APP to get started: [JMData] https://play.google.com/store/apps/details?id=com.encrypted.jmdata
PAWS IS THE NEXT $DOGS
This Mining is the next after #DOGS, Don't Miss it Out
Use this link below to Join 👇👇👇👇👇
https://t.me/PAWSOG_bot/PAWS?startapp=6ZSAPFb3
The estimated retail price for Premium Motor Spirit (PMS), commonly known as petrol, at NNPCL stations in Lagos has been set at approximately N950.22 per litre. This price is based on the following calculation:
Related News:
- Base price: $690 per metric ton (MT) for Platts 10ppm
- Premium: $46 per MT
- Total base price: $736 per MT
In addition, the NNPCL outlined the estimated petrol prices for other states as follows:
- Sokoto State: N999.22
- Kano State: N999.22
- Kaduna State: N999.22
- Federal Capital Territory (FCT): N992.22
- Borno State: N1,019.22
- Oyo State: N960.22
- Imo State: N980.22
- Rivers State: N980.22
- Lagos State: N950.22
The pricing strategy aligns with the stipulations of the Petroleum Industry Act (PIA), which emphasizes that petrol prices are negotiated on an arm’s length basis between the involved parties. NNPCL has assured that any potential disputes over pricing will be resolved transparently, and any discounts received from the Dangote Refinery will be passed directly to consumers.
This announcement follows a period of uncertainty regarding pricing. Earlier, the Dangote Refinery had indicated that petrol sales to NNPCL were conducted in U.S. dollars, contradicting previous statements of naira-based transactions. The refinery had also delayed distribution due to ongoing negotiations over the final pricing with the federal government.
Source here.
JOIN NOW
https://t.me/PAWSOG_bot/PAWS?startapp=6ZSAPFb3
Google News Channel
Follow us on Google News for Latest Headlines
Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;
WhatsApp Channel
https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h
WhatsApp Group
https://chat.whatsapp.com/G6Lo3ss6WKLCOqBphZwQGk
Facebook Page
https://facebook.com/allmedia24news
Our Twitter Page
https://www.twitter.com/allmedia24news
Telegram Group
https://www.threads.net/@allmedia24news
Discover more from Allmedia24 News
Subscribe to get the latest posts sent to your email.
