Today, NNPC Limited through its Chief Corporate Communications Officer, Abuja, Mr Olufemi Soneye released estimates of pump prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from Dangote Refinery) in its retail stations across the country.
The estimated prices were released through a press release on it the company’s official X (formerly twitter) handle. NNPC Ltd also highlighted, through the same press release, that in line with provisions of the Petroleum Industry Act (PIA), PMS prices are not set by the Government, but negotiated directly between parties on an arms length.
Mr. Olufemi also commented that the NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions were set to commence from Octerber, 1st, 2024.
Furthermore, the NNPC ltd assured members of the public that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on fully (100%) to the public.
Additionally, the company released the estimated pump prices of PMS (as obtained from the Dangote Refinery) across NNPC Retail Stations in the country, based on September 2024 pricing.
