Home Business Energy NNPC  Releases Estimated Pump Prices Of PMS From Dangote Refinery
Energy

NNPC  Releases Estimated Pump Prices Of PMS From Dangote Refinery

Share
Share

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 Corporation also said  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.

It reconfirmed that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.

It assured 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.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Otedola Lauds Dangote’s $20bn Refinery Expansion, Calls It Generational Legacy

BY MICHEAL JAMES—Nigeria’s multi-billioniare Business mogul, Femi Otedola, on Sunday celebrated Africa’s...

Dangote Refinery To Double Capacity To 1.4m BPD

The President of the Dangote Group, Aliko Dangote, on Sunday announced that...

Tinubu Congratulates Mshelbila, Ekpo On Top GECF Appointments

President Bola  Ahmed Tinubu has congratulated Dr Philip Mshelbila, Managing Director of...

NNPCL Revenue Drops To N4.2trn As Oil Production Drag To September

…as profit after tax drops by 40% The Nigerian National Petroleum Company...