Oluwatosin Enesi
Findings show that 11Plc, TotalEnergies, AA Rano, and other independent marketers have begun lifting Dangote petrol via the Nigerian National Petroleum Company (NNPC) Trading Limited to retail outlets nationwide at N765.99 per litre.
According to reports, some petroleum marketers who completed payments on the NNPC trading portal began lifting petrol earlier this week, according to the existing agreement between marketers and the refinery.
It was reported that the managing director of 11Plc, Tunji Oyebanji, confirmed on Thursday, September 19, 2024, that some marketers have started lifting via the NNPC, the sole off-taker of the product.
Oyebanji disclosed that they are the first marketers to complete payment on the NNPC portal as they have no direct arrangement with the Dangote Refinery.
The report said that NNPC Retail, 11Plc, TotalEnergies, and AA Rano are among the first marketers that have picked the refinery’s product.
Adedapo Segun, executive vice president downstream at NNPC, said that marketers cannot purchase directly from the refinery as the product is still being subsidised.
Segun said the market value of PMS is higher than the N766, 765 or N799 that the NNPC is selling.
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