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

Tinubu Appoints Olusegun Omosehin, Three Others For NCDMB Governing Council

President Bola Tinubu has approved the nomination of four new members to...

NCDMB Acquires 20% Equity Stake In 100kbpd Refinery Project

The Nigerian Content Development and Monitoring Board (NCDMB) has acquired 20% equity...

Seplat Energy’s Revenue Rises To N1.652tn In 2024FY

* As Operating Profit Hits N647.9bn   Seplat Energy PLC, listed on...

NCDMB Seeks Africa-wide Local Content Framework To Leverage Collective Strengths For Mutual Prosperity

…Executive Orders lead to 4 FIDS The Executive Secretary of the Nigerian...