EXCLUSIVE: How Dangote’s N977 Per Litre Price Stirred NNPCL Price Adjustment

City-by-city Template of how much a litre of petrol will now be sold at NNPCL outlets

A litre of premium motor spirit (PMS) popularly called petrol has hit N977 at the Dangote Refinery, major supplier of the product to the Nigerian National Petroleum Company Limited (NNPCL), Platforms Africa can report authoritatively.

Findings exclusively conducted by this reputable media group showed that this has led to the adjustment in pump price by the NNPCL as full deregulation of the product takes immediate effect.

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Recalled that the NNPCL earlier quit its middleman deal with Dangote Refinery, a move that made marketers, including NNPCL, to buy directly from Dangote at the cost reflective price.

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With the new price by Dangote Refinery, the NNPC Ltd has adjusted the price of Premium Motor Spirit (PMS), also known as petrol, based on the ex-depot price it bought from the Dangote Refinery.

Reports trickling in indicate that the National Oil Company bought a litre of PMS from the Dangote Refinery at N977.

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Checks by Platforms Africa also revealed that NNPC Retail Stations in Lagos are currently selling the product at N988 per litre, while those in Abuja are selling at N1,030 per litre.

In the same vein, a visit to most filling stations belonging to independent marketers in Abuja reveal a PMS price range of N995-N1,000 per litre, while the prices in states outside Abuja showed a price range of N1,150 to N1,250 per litre.

Recall that since the recent exit of NNPC Ltd as the middleman in the Dangote Refinery PMS sale, the nation’s marketers are now free to buy their products directly from the refinery on a willing-buyer willing-seller basis.

City-by-city Template of Pump Price at NNPCL Outlets

Lagos – N988 per litre

Lagos environs (Abeokuta, Ibadan, Benin) – N990per litre depending on the transport margin

Abuja – N1,030 per litre

Northern Nigeria – Above N1,030 per litre, depending on the transport margin

Port Harcourt – Above N988 per liter, depending on the transport margin

Platforms Africa

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