By Halimah Olamide
The Nigerian National Petroleum Company (NNPC), has pegged petrol price obtained from the Dangote Refinery at N950.22 per liter in its retail stations in Lagos.
This was contained in a statement signed by the NNPC Spokesperson, Olufemi Soneye on Monday.
This is however line with the provisions of the Petroleum Industry Act (PIA).
The statement noted that PMS prices are not set by Government, but negotiated directly between parties on an arms length.
“The NNPC can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.
“The NNPC Ltd assures 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.
Meanwhile, other states including Sokoto, Kano, Kaduna, FCT will be selling at the rate of N999.22.
On the other hand, Imo and Rivers State will be selling at N980.22
Borno and Oyo State will be selling at N1,019.22 and N960.22 respectively.