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FOLLOWING weeks of media war and blame game, the Nigerian National Petroleum Corporation Limited (NNPCL) has finally reached a compromise with the Dangote Petroleum Refinery on Petroleum Motor Spirit (PMS) lifting.
The NNPCL confirmed this on its verified X handle in a two-paragraph tweet stating that “in preparation for the Dangote Refinery’s scheduled petrol loading on Sunday, September 15, 2024, NNPC Ltd. has been mobilising trucks to the refinery’s fuel loading gantry in Ibeju-Lekki.
“As of Saturday afternoon, NNPC Ltd. had deployed over 100 trucks, with hundreds more en route,” the tweet read.
This move is expected to finally clear perennial queues in fueling stations across the country that has seen Nigerians buy fuel at an all-time high ranging from N855 to N1,400.
Recall that the President and Chief Executive of the Dangote Industries Limited, Mr Aliko Dangote, in a live press briefing on September 3, 2024, announced the readiness of its 650,000 bpd refinery to start petroleum rollout.
Mr Dangote in separate interviews declared that the NNPCL would be the sole buyer of the petrol from its refinery, which has led to wild reactions from stakeholders in the petroleum industry.
Mr Dangote was also quot-ed, when asked about the likely price of the product, that “the NNPCL will determine pricing.”
According to inside sources,the pronouncement didn’t go down well with the petroleum body, who only hastily adjusted their pump price to N855 per litre from N580 just few hours before the Dangote announcement.
The action of the NNPCL was greeted with mixed reactions as experts say it was a ploy to remove subsidy permanently before the Dangote petrol hits the streets
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