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The Nigerian National Petroleum Company Limited has revealed that it bought Premium Motor Spirit, popularly known as petrol, from Dangote refinery at N898 per litre.
PUNCH Online earlier reported that the lifting of petrol from the 650,000 barrels-per-day refinery commenced on Sunday.
No fewer than 300 trucks from the national oil firm arrived at the refinery, located in the Ibeju-Lekki area of Lagos State, to lift the first batch of petrol.
Speaking with Daily Trust over the price of the product, the NNPC spokesman, Olufemi Soneye, denied claims that the national oil company purchased petrol at N760 per litre.
He said, “We successfully loaded PMS at the Dangote Refinery today.
“The claim that we purchased it at N760 per litre is incorrect.
“For this initial loading, the price from the refinery was N898 per litre.”
Soneye also disclosed that over 70 trucks had been loaded from the refinery as of the time of filing the report.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, had announced that NNPC would be the sole off-taker of refined petrol from Dangote Refinery.
At the Technical Sub-Committee meeting on the sale of crude oil to local refineries on Friday, Edun, who was represented by the Executive Chairman of Federal Inland Revenue Service, Zacch Adedeji, had said diesel from the Dangote refinery would be sold in Naira to any interested off-taker.
Adedeji added that petrol would only be sold to NNPC which will then sell to various marketers.
He also announced the completion of all agreements and modalities for the implementation of the Federal Executive Council approval on the sale of crude to local refineries in Naira and the corresponding purchase of petroleum products in the same currency.
(PUNCH)