The Nigerian National Petroleum Company Limited (NNPCL) has reportedly quit as Middleman in Dangote Refinery’s Premium Motor Spirit (petrol) purchase.
This is according to a Premium Times report on Monday, 7 October, 2024. This new development means that petroleum marketers would have to buy petrol directly from Dangote Refinery without going through NNPCL.
When DAILY POST contacted the spokesperson of NNPCL, Olufemi Soneye on Monday for his reaction to the development, he did not pick up the call or respond to a text message sent to him.
DAILY POST also contacted Dangote Refinery. The company’s spokesperson, Anthony Chiejina, said, “I’ll call you back”. But he is yet to respond at the time of filing this report on.
However, an official of NNPCL reportedly told Premium Times: “Yes, it is true. We can no longer continue to bear that burden.” This comes weeks after NNPCL lifted petrol from Dangote Refinery on 15th September 2024.
Recall that upon the lifting of petrol from Dangote Refinery, NNPCL announced fresh fuel prices across its retail outlets nationwide. The development saw the petrol pump increase to between N950 and N1,100 per liter in petrol filling stations in the Federal Capital Territory, Abuja.
Meanwhile, the NNPCL’s latest move to quit its role as sole off-taker of Dangote Petrol had fueled fresh anxiety about another fuel price hike. This comes as the Nigerian government at the weekend confirmed that it has begun crude oil sales to Dangote Refinery in Naira.
Earlier, marketers and refiners had hinted that the commencement of Naira-for-crude to Dangote Refinery may lead to fuel price reduction.
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