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NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja - Politics - Nairaland

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NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by VotingPolls: 3:45am On Sep 16, 2024
PRESS RELEASE

NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing

The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.

The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms length.

The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.

The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100% to the general public.

Attached to this statement are the estimated pump prices of PMS (obtained from the Dangote Refinery) across NNPC Retail Stations in the country, based on September 2024 pricing.

Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd
Abuja

16th September, 2024

https://www.facebook.com/100069065264965/posts/pfbid02cmesN9PwS2xyTTM3oJ6esfrPV41BXxVHgcWsnyQMF4iQ8Q9anYj5wcRHSDLA7nVVl/?app=fbl

6 Likes

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by dallyemmy: 3:49am On Sep 16, 2024
Tell the righteous it shall be well.

115 Likes 10 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by mcmurphy132(m): 3:52am On Sep 16, 2024
It's well

16 Likes 5 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Mjshexy(f): 3:54am On Sep 16, 2024
This wicked cesspit of corruption, this has been their plan all along

218 Likes 13 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Kobojunkie: 3:58am On Sep 16, 2024
Dangote, the Father Christmas and savior of the Nigerian people, don crash the price of Petrol in Nigeria. 😁😁😁😁

230 Likes 8 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by F117nighthawk: 3:58am On Sep 16, 2024
NNPC is a big scam to this country, Nigerians are very good with words when it comes to corruption and lack of transparency,u are telling us u are paying in dollars in September and u will start paying in naira by October?abeg tell that to the birds.only a fool will believe this rubbish.u just want the subsidy scam and wuru wuru to continue.we know Dangote doesn't have a choice but to cooperate with u as the sole marketer he sells to so that u can control the Price and maintain your hidden subsidy scam.
The fact is Nigeria cannot get any better under this political rouges in government.

251 Likes 26 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by dallyemmy: 4:04am On Sep 16, 2024
Dangote charges premium of $0.03 per litre which at an exchange rate of N1600 to $1 translates to about N48 per litre based on the analysis above.

Well, I think the main issue is our exchange rate which is performing poorly at the moment. However, I hope the demand for Forex when it comes to importation of petroleum products has come to an end.

Moreover, government should ensure other refineries are available and producing as well.

It's really not funny. In fact, the current price of Premium Unleaded Gasoline 10 ppm FOB (free on board) MED (Platts) Futures is 773.162 USD — it has risen 0.42% in the past 24 hours. That means the price could even increase further.

31 Likes 6 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by yinkus6750(m): 4:22am On Sep 16, 2024
Cos of high exchange rate, price of PMS is at 1k. Despite refining at home.
Both parties of cashed out.
Using Nigerians to cash cruise

79 Likes 6 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by LadiIshola(m): 4:24am On Sep 16, 2024
Let's brace up for #1,000 per liter from independent marketers.
But why is Dangote trying to play hide and seek with the government and Nigerians? Was he expecting that the FG will continue to pay under-recovery on his fuel and make him save face? Come out and own up to your price, na you get your business abeg.
Which kind thing be this sef?

61 Likes 9 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by chukwuibuipob: 4:25am On Sep 16, 2024
sad NNPC should stop using Nigerians to play Ludo/table 🎾 game.

159 Likes 3 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by jeffizy(m): 4:37am On Sep 16, 2024
This multiple statements from NNPCL is not just nauseating, but an insult to the citizens of this country.
The citizens are at the receiving end of this chess game between DRL and NNPCL, and it is not funny to say the least.

The government has not shown any willingness to alleviate the people's problems at all.

Very insensitive.

41 Likes

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by TreasureJunky: 4:49am On Sep 16, 2024
We were behind dangote when Tinubu was prosecuting him about selling crude oil in dollars to him, now this is what he paid us with.l, it's well.
By the way,, there are many releases about the price of dangote fuel, one said 868, another one said 788, one said 898, and this one is 950 now, we don't know what to believe again in this country.

12 Likes 3 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by nairalanda1(m): 4:55am On Sep 16, 2024
NNPC still not ready to remove subsidy, essentially.

The fact is, the government too wants to remain in power....and a subsidy removal means they get kicked out.

Subsidy still exists, folks.

144 Likes 6 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Epistasis(m): 5:14am On Sep 16, 2024
Nigeria we hail thee!

5 Likes

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by okomile(f): 5:16am On Sep 16, 2024
Hmmmmmm

What a zoogeria agbado kingdom

Hope the price will come down by October when they buy in naira

But, we dey on the lookout

Happy holiday grin

5 Likes

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by KingRex1(m): 5:25am On Sep 16, 2024
NNPC is playing us.

Dangote already said nnpc buying from him at 898naira was a malicious and mischievous statement. Yet NNPC went ahead to release the same thing as an official statement.

We're in trouble.

1 Like 1 Share

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Medipharm: 5:25am On Sep 16, 2024
So Buhari was a Hero.
Again, Nigerians in the mud. All the bruhaha about Dangote PMS is nothing but a fiasco. This NNPC are manipulative people, too dangerous and Tinubu himself is evil personified

53 Likes 2 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Bestmanfornow: 5:42am On Sep 16, 2024
That's what you get when the country is control by evil and wicked leaders, they will still find another propaganda to sell to gullible minds

31 Likes

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by TruthsFM: 6:04am On Sep 16, 2024
nairalanda1:
NNPC still not ready to remove subsidy, essentially.

The fact is, the government too wants to remain in power....and a subsidy removal means they get kicked out.

Subsidy still exists, folks.
you now see the reality here. Unlike your clueless statistics you always post here that dangote refinery will ease the inflation decrease in Tinubu economy. Now with the current price of nnpcl, the inflation will bite harder than more than before.

48 Likes 4 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by money121(m): 6:06am On Sep 16, 2024
Lobatan angry
Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by ironheart(m): 6:09am On Sep 16, 2024
Its funny this country is not ready for progress. Corruption everywhere

6 Likes

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by adioolayi(m): 6:13am On Sep 16, 2024
This is a very distasteful sad development !

Isn't it clear this NNPCL have no iota of shame by not producing a single drop of PMS from any of the four refineries by now

Isn't it clear President Tinubu lead administration is wicked, lacks empathy by floating the Naira while at the same time removing fuel subsidy

See the exchange rate NNPCL are using for goodness sake... NGN 1637.59 to a USD

Imagine President Tinubu didn't float the Naira at the same time he removed fuel subsidy...and Naira is around NGN 450.... A litre of PMS would have been around NGN 250 and not over NGN 1000 that most places in Nigeria will have to buy now.

The refineries just have to work now!!!

95 Likes 1 Share

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Lushka(m): 6:19am On Sep 16, 2024
NNPC fixing the price of a product not produced by it. Treacherous NNPC who could not fix any of the government owned refineries despite billions spent on TAM.
Scrapping of that corrupt entity will aleviate much of Nigerians' hardship.

25 Likes 3 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by tungamaje: 6:27am On Sep 16, 2024
Fuel is going for 1k. Please Nigerians, tighten your belts

2 Likes

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Hemanwel(m): 6:33am On Sep 16, 2024
R
Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Nwaokunkpara: 6:34am On Sep 16, 2024
Nigerians are just toys in the hands of this administration

13 Likes 1 Share

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Bobloco: 6:36am On Sep 16, 2024
NNPCL and the Tinubu government are just deceiving themselves thinking they are deceiving Nigerians

It shall never be well with those who worked, supported and encouraged this calamitous Tinubu regime. Infact, it's already not well with them

26 Likes

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by ivandragon: 6:43am On Sep 16, 2024
Hmm...
Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by Penguin2: 6:44am On Sep 16, 2024
If NNPC is selling N950, imagine how much independent marketers will sell.

Everything Tinubu and hordes protested against GEJ for, he has done it times one million.

It will never be well with Tinubu and the fools who joined him to organize #OccupyNigeria in 2012 but are all quiet now.

Chineke kpọ unu ọkụ😏

36 Likes 5 Shares

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by bdon123(m): 6:47am On Sep 16, 2024
yinkus6750:
Cos of high exchange rate, price of PMS is at 1k. Despite refining at home.
Both parties of cashed out.
Using Nigerians to cash cruise
That is not true...landing cost for lower quality pms is around 1100.Government was subsizing to bring it to around 700.Why cant govt subsidize jst 30% of wat itwas doing before to bring it to around 700.bear in mind we were subsidizing for neigboring countries too bt that will all become a thing ofpast...therefore cost of subsizing will be far lower.Its either that or giv dangote cheap crude to exchange for products.

1 Like

Re: NNPC Fixes Pump Price For Dangote Refinery, Sells Petrol ₦950 Lagos, ₦992 Abuja by frankputer: 6:48am On Sep 16, 2024
Wahala pro max

Tell us the expected price for October 1(naira swap),
Abi u want make tinubu announce it first hand
On First 1st October broadcast.
That man can not be trusted sef.
Alway want to show he did something miraculous during national broadcast , which we know it’s a scam.

6 Likes

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