Lifting of Premium Motor Spirit (PMS), also known as petrol from the 650,000 barrels per day Dangote Refinery will commence on Sunday, September 15, the federal government has confirmed.
Following the official rollout of petrol from the refinery, the Nigerian National Petroleum Corporation Limited (NNPCL) disclosed that petroleum products from the refinery will flood the market from September 15, Tribute Online reports.
The Presidential Committee on the Sale of Crude Oil and Refined Product, through one of its members and Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, while briefing journalists in Abuja on Friday, confirmed that the loading of the first batch of petrol will commence on Sunday.
The FIRS boss said that from October 1, the NNPCL will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in Naira.
“I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday 15th September,” Adedeji stated.
According to Adedeji, the agreement that the nation’s oil company will be the sole off-taker of petrol from the refinery still stands, despite reports of NNPCL debunking it, saying the refinery is free to sell to anyone. He explained that Dangote Refinery will in return supply PMS and diesel of equivalent value to the domestic market to be paid for in Naira.
He added that the committee also reached resolutions on the sale of diesel in Naira by the Dangote Refinery to any interested off-taker.
“From 1 October, NNPC will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in Naira
“In return, the Dangote Refinery will supply PMS and diesel of equivalent value to the domestic market to be paid for in Naira.
“Diesel will be sold in Naira by the Dangote Refinery to any interested off-taker. PMS will only be sold to NNPC, NNPC will then sell to various marketers for now. All associated regulatory costs will also be paid for in Naira.”
Meanwhile, the Independent Petroleum Marketers Association of Nigeria (IPMAN), on Tuesday, disclosed that it may continue importing petrol into the country amidst uncertainties surrounding the pricing of the products from Dangote Refinery.
