Dangote petrol at N766/litre
Sunday PUNCH gathered that the Dangote Refinery would sell its petrol at N766 to the Nigeria National Petroleum corporation (NNPC).
Multiple sources from the Federal Ministry of Petroleum Resources, NNPC, and major energy marketers confirmed that the deal to supply crude to the Dangote refinery in naira was a key factor that led to the PMS price.
“What we are going to see based on the deal between NNPC and Dangote is similar to the DSDP (Direct Sale of crude oil and Direct Purchase of petroleum products) transactions that used to exist between NNPC and foreign refineries in the past.
READ ALSO : The Game of Chess between Dangote & NNPC continues As Nigerians suffer
And this has really impacted positively on the price of petrol that Dangote is selling to NNPC, because the cost is around N766/litre. But I can’t tell how much NNPC is going to sell to marketers now,” a major marketer, who spoke to Sunday PUNCH in confidence due to lack of authorisation to comment on the matter, stated.
Another senior aide to President Bola Tinubu, who spoke on condition of anonymity, confirmed that the petrol would be sold at 766/litre.
Pump price may reduce
Reacting to the Dangote fuel price, a senior IPMAN official said if marketers could get the product at N766, they would need to add the cost of transportation, levies, and other margins.
He said, “Give and take, we can sell at N790 in Lagos. In the far north, it may be N820 per litre because of the distance.”
Gillis-Harry, however, said his group was not aware of the price of fuel from the Dangote refinery.
“Well, it will be acceptable because now we are paying NNPC N870 for a litre, so if we see it at N766, it is cheaper and we will prefer to buy that.
I cannot determine how much we will sell to Nigerians; we will work out the retail price. It is not one individual or one organisation’s prerogative to put a price, we will work it out and we will argue out our point.
“We are ready to support Dangote, but they are not talking to us. We are the people they need; I have over 6,000 retail outlets under my management, but Dangote is not talking to us”, he added.
Both Dangote and NNPC alongside Federal Government are not being sincere to Nigerians…
These guys are simply greedy….. Why not allow DANGOTE sell affordable petrol to Nigerians whilst Federal Government makes their money from sell to foreign market….
But guess what… They won’t do it…. They would rather make their blood money off poor and suffering Nigerians…
Of what essence is this so-called Dangote Refinery to Nigerians currently?
The shameless NNPC that intentionally refused to revamp their own refineries are going to Colonize Dangote Refinery….. Such a shame.. Las las.. It would be sold at 900 or 1k to final user.
Someone wrote :
We do not have any business buying PMS at an amount more than N400/litre.
1) The crude is locally sourced.
2) 450,000 Barrels earmarked by law for local refining for local consumption and to cussion the cost implication.
3) No Freight Charge by vessel owners.
4) No Terminal Charge.
5) No NIMASA 3% Levy Charges.
6) No NPA Charges.
7) No Tank Farm Charges.
8) No Agencies /Shipping Handling Charges.
9) No Dollar Exchange rate differential payments.
This has further exposed this evil APC and Tinubu’s rogue government…