NNPCL to become sole petrol buyer from refinery
With the price of Premium Motor Spirit (PMS) hitting N1,000 per litre in some parts of Lagos and Ogun states, attention has turned towards Dangote Refinery, which is expected to assuage the situation.
Calling for more transparency and accountability in the sector, he expressed surprise that NNPCL, which declared profit a few days ago, came back to still reveal huge debts to marketers.
According to Reuters, NNPCL is set to become the initial exclusive buyer of PMS from Dangote Refinery, which is ready to sell petrol in the coming weeks. The report stressed that if the refinery exclusively supplies NNPCL, it would significantly lower importation and logistics costs, allowing local marketers to purchase petrol from NNPCL at a reduced price.
