The Nigerian National Petroleum Company Limited (NNPCL) has authorized major petroleum marketers to begin lifting premium motor spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery, in line with their existing agreement.…..For More READ THE FULL ARTICLE HERE ▶▶
Thank you for reading this post, don't forget to subscribe!Under the original arrangement, NNPCL holds exclusive rights to distribute petrol produced by the refinery.
This development marks the commencement of petrol lifting by major marketers from the Dangote Refinery, which is poised to compete with NNPCL.
The first shipment, consisting of 16.8 million litres, was transported by NNPCL’s retail division.
According to Vanguard, several major marketers, including 11 Plc, have already collected the product for distribution to their outlets in Lagos and other regions across Nigeria.
A marketer, speaking anonymously, confirmed, “Major marketers have started lifting from the Dangote Refinery, but this is still under NNPCL’s arrangement with the refinery.
We are lifting NNPCL’s product from the Dangote facility; there is no direct agreement between us and the refinery.”
It was noted that independent marketers are not yet part of this updated arrangement.
In a phone interview with Vanguard, Alhaji Abubakar Garima, National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed that only NNPCL currently has access to fuel from the Dangote Refinery, and most of the product is being supplied to NNPCL retail outlets.
Garima added that independent marketers are awaiting the new price of petroleum products from NNPCL before they can begin lifting.
“We are still loading at the old rate of N875 per litre, as many of our members have pending stock with NNPCL, which we expect to be cleared this week,” he said.…..For More READ THE FULL ARTICLE HERE ▶▶
