URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Ogbomoso: Why Soun’s Feud With  Chief Imam is Threatening Peace-Muslim Community
    September 5, 2024
    How Tambuwal’s Aide Languishes In Custody For Criticizing Sokoto First Lady For Allegedly Spraying Dollars
    September 17, 2024
    Election Updates; How PDP Stands, Win Four Out of Six Announced Results
    September 22, 2024
    Latest News
    2027:Action Tilted Towards Making PDP Unstable-Yusuf Accuses Wike of Hindering Jonathan, Peter Obi’s Presidential Plan
    September 6, 2025
    2027: Why ADC Not Northern Agenda-Tambuwal
    September 6, 2025
    Atiku Condemns Police Invitation To El-Rufai, Says Action Against Civic Freedom, Dangerous Assault
    September 5, 2025
    Rivers: How Nigerian Judiciary Is Aiding Death of Democracy-Fabiyi
    September 2, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: Hope Fades Away As NNPCL, Dangote Refinery’s Price Controversy Rages
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Business > Hope Fades Away As NNPCL, Dangote Refinery’s Price Controversy Rages
BusinessDiscover

Hope Fades Away As NNPCL, Dangote Refinery’s Price Controversy Rages

urbanexpresslive
Last updated: September 16, 2024 9:11 am
urbanexpresslive
Share
3 Min Read
SHARE

Olusegun Ariyo

The prevailing confusion in the petroleum sector worsened on Sunday, as the Nigerian National Petroleum Company Limited and Dangote Refinery engaged in a war of words on the pricing template.

This comes as Dangote Refinery On Sunday Communed Petrol distribution

NNPCL was the inaugural off-taker of Dangote Refinery’s Petrol.

Minister of Finance, Wale Edun who visited the refinery on Sunday said the facility would ensure energy security in Nigeria.

On the pricing, Edun said as Dangote Refinery and other refineries scale up production, it may impact pricing.

Recall that NNPCL had earlier confirmed that its trucks have started loading Dangote Petrol.

The company said 16.8 million liters of PMS had been loaded from Dangote at N898 Per Litre Price This was where the problem started.

Dangote Group, in a statement by its spokesperson, Anthony Chiejina, described NNPLC’s N898 per liter price statement as misleading and mischievous.

The company said NNPCL’s lifting of its petrol was part of the crude oil sale in Naira deal with the Nigerian government.

Dangote Refinery said Nigerians Should Await a formal Announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars”.

However, Dangote was unclear on the exact price it sold petrol to NNPCL at this initial stage.

Reacting to Dangote’s statement on pricing, NNPCL spokesperson, Olufemi Soneye Insist that the company sold petrol to it at N898 per litre.

“We stand by our earlier statement that Dangote Refinery petrol is sold to us at N898 per liter.

“We have documents to back this point,” he told Our Correspondent.

The development has left Nigerians more perplexed regarding the country’s energy security.

This is as Petroleum Marketers earlier expressed worries over the opaqueness regarding Dangote Refinery’s petrol pricing.

The President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry said, “We cannot be dealing with business clandestinely. Let the industry know what is going on”.

Similarly, the president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi said that the Price of Dangote Refinery is unclear for now  

“We are sure that the product will be available. The price for now we are not sure what it will look like”.

You Might Also Like

How Elon Musk-led DOGE Initiative Saves $115bn

Tariff For Nigerians Get High As DSTV, Gotv  Hike Subscription

Chilling Details of How Lifeless Body Was Found Under Okefia Flyover In Osun

2024 UN General Assembly: Tinubu  Pulls Out, Says VP Shettima To Lead Delegation

Direct Petrol Lifting, Price Reduction: Dangote Refinery, Marketers To Meet

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Weeks After Weeding, Yhemo Lee, Wife Expecting Their First Child
Next Article EPL: No Issues- what Man City Told Guardiola, Players after 115 Charges
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

Atiku’s never-say-die spirit and reality
Column September 6, 2025
Transfer: How Three EPL Clubs Tried Signing Mainoo As Arsenal Receive Offer For Trossard
Urban Sports September 6, 2025
Man Utd Puts Three Star Players Up For Sale
Urban Sports September 6, 2025
2026 WCQ: How We’ll Qualify With Victory Over Nigeria-South Africa Coach, Broos
Urban Sports September 6, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account