Wednesday, September 17, 2025
Home Oil & Gas NNPC LTD RELEASES ESTIMATED PUMP PRICES OF PMS FROM DANGOTE REFINERY.

NNPC LTD RELEASES ESTIMATED PUMP PRICES OF PMS FROM DANGOTE REFINERY.

The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.
The NNPC Ltd  stated that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms length.
In a statement signed by the Chief Corporate Communications Officer Olufemi Soneye
The NNPC Ltd 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.
RELATED ARTICLES

LOKPOBIRI HIGHLIGHTS REFORMS, INCENTIVES IN DEEPWATER SECTOR.

  Nigeria has renewed its appeal to global Engineering, Procurement, and Construction (EPC) companies, assuring them of a transformed investment environment backed by bold reforms...

NIGERIA COMMITTED TO ATTRACTING RETURNING INVESTORS WITH GLOBAL-LEVEL INCENTIVES – LOKPOBIR.I

  Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri,  says Nigeria is ready to offer global-standard incentives to attract international investors back into...

NIGERIA ON TRACK TO HIT 2.5MBPD OIL OUTPUT — FG.

  The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has declared that the country is firmly on course to ramp up crude oil...

Most Popular

INSURANCE LITERACY DRIVE: NAICOM, SDGs SYNERGY INITIATIVE MOVE TO PROMOTE INSURANCE LITERACY.

  The National Insurance Commission (NAICOM) and the Sustainable Development Goals (SDGs) Synergy Initiative are set to deepen collaboration aimed at strengthening youth participation in...

$134M AGRIC PROGRAMME NAIDA REJECTS ALLEGATIONS OF MISMANAGEMENT

  The Nigeria Agro Input Dealers Association, NAIDA, has dismissed reports alleging fraud in the African Development Bank–funded $134 million agricultural programme, NAGS-AP. In a statement,...

FG MOVES TO REVITALIZE SILOS CONCESSION PROGRAMME TO BOOST FOOD SECURITY

  The Federal Government says it is set to revitalize the Silos Concession Programme as part of efforts to curb post-harvest losses, strengthen food storage...

INDIAN BUSINESSMAN, THREE OTHERS ARRESTED OVER N3.9BN TRAMADOL AT LAGOS AIRPORT …AS NDLEA UNCOVERS SKUCHIES FACTORY, NABS COUPLE WITH 19KG DRUGS IN ANAMBRA,...

The National Drug Law Enforcement Agency (NDLEA) has arrested an Indian businessman, Gupta Ravi Kumar, and three Nigerian accomplices over the importation of 2,248,000 pills...

Recent Comments