Nigerians’ hopes for cheaper petrol may have been dashed as the Nigerian National Petroleum Company Limited (NNPCL) has revealed that it purchased petrol from the Dangote Refinery at N898 per litre. This disclosure comes amid expectations that the new source of petrol might lower prices.
Ripples Nigeria reported that the lifting of petrol from the Dangote Refinery, which has a capacity of 650,000 barrels per day, began on Sunday. Approximately 300 trucks from the NNPCL arrived at the refinery in Ibeju-Lekki, Lagos State, to collect the first batch of petrol.
NNPCL spokesman Olufemi Soneye addressed the price concerns, stating, “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N760 per litre is incorrect. For this initial loading, the price from the refinery was N898 per litre.”
