The Nigerian National Petroleum Company Limited (NNPC) has issued a revised breakdown of the estimated petrol prices for products purchased from the Dangote Refinery. The new statement, released on Monday, provides updated details on the costs associated with Premium Motor Spirit (PMS) sold by the refinery.
Earlier, the NNPC announced that it had begun purchasing refined petrol from the Dangote Refinery on Sunday, September 15, and revealed that payment for the product is currently being made in U.S. dollars. Naira payments are set to commence on October 1, 2024.
In its official statement, the NNPC outlined the terms of its agreement with Dangote Refinery, which aligns with international gasoline prices and foreign exchange rates in accordance with the Petroleum Industry Act (PIA) 2021. The NNPC also assured Nigerians that any discounts obtained from the refinery would be passed on fully to the public.
However, a revised version of the statement included significant changes to the breakdown of fees and charges. The first release listed a Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fee of ₦8.99, but this was reduced to ₦4.495 in the updated document. Additionally, the earlier statement included inspection and margin fees of ₦0.97 and ₦26.48, respectively, which were removed in the revised version. The distribution fee, initially listed as ₦15, was updated to ₦42.45.
Moreover, the second statement introduced a Midstream and Gas Infrastructure Fund fee of ₦4.495, which was absent from the first version.
This revised breakdown reflects the evolving pricing structure and provides further transparency regarding NNPC’s transactions with Dangote Refinery.
Discover more from Ebira Online
Subscribe to get the latest posts sent to your email.
