There are palpable indications that, Dangote will sell it’s Premium motor Spirit popularly known as Petrol below 600 naira per liter across Nigeria
According to the Nigerian National Petroleum Company Limited (NNPCL), the landing cost of Petrol is N1200 which was why the cost of fuel became very high, causing hardship in the country
Delta Decides also gathered from sources that the cost drivers of the landing cost was unconnected to different variables, which included the high cost of labor abroad, high tax regime abroad, cost of shipment to the country, clearing cost, and other miscellaneous expenses
Recall that the state-owned company had announced in a short statement attached to several pictures showing hundreds of trucks stationed within the premises of the indigenous refinery in Lagos State.
NNPC wrote: “In preparation for the Dangote Refinery’s scheduled petrol loading on Sunday, September 15, 2024, NNPC Ltd. has been mobilizing trucks to the refinery’s fuel loading gantry in Ibeju-Lekki.
“As of Saturday afternoon, NNPC Ltd. had deployed over 100 trucks, with hundreds more en route.”
The Nigerian government had earlier announced that the supply of petrol from Dangote Refinery, Lagos, will begin on September 15, following an agreement reached on pricing and supply terms.
The development was disclosed on Friday by Zacch Adedeji, the Chairman of the Federal Inland Revenue Service and member of the Presidential Committee on the Sale of Crude Oil and Refined Products.
According to Adedeji, the Nigerian National Petroleum Company Limited (NNPCL) would serve as the sole off-taker of petrol from the Dangote Refinery, with other marketers sourcing the product from the national oil company.
It was said the NNPCL would also commence the supply of 385,000 barrels of crude oil per day to the refinery from October 1, 2024, with payment made in Naira.
This development marks a significant milestone in the operation of the refinery, which is expected to significantly boost Nigeria’s fuel production capacity.
The Dangote Refinery, owned by business magnate Aliko Dangote, has been touted as a game-changer for Nigeria’s oil and gas industry.
With a capacity to produce 650,000 barrels of oil per day, the refinery is expected to meet Nigeria’s fuel demands and potentially export surplus products.
The NNPC’s deployment of trucks to the refinery signals the start of a new era in Nigeria’s fuel supply chain.
