Four days before the Nigerian National Petroleum Company Limited (NNPC) was set to begin lifting Premium Motor Spirit (PMS) from the Dangote Refinery, reports show no commercial agreement has been reached between the two parties.
Sources from NNPC and Dangote confirmed that no deal on quantity or pricing has been finalized for the $20 billion refinery’s petrol.
Despite earlier announcements by NNPC’s Executive Vice President, Adedapo Segun, that petrol lifting would commence on September 15, both companies have yet to agree on critical terms such as pricing. This uncertainty casts doubt on the expected supply of Dangote petrol to the Nigerian market.
Additionally, the Crude Oil Refiners Association of Nigeria (CORAN) expressed optimism that Dangote petrol could be cheaper if the Federal Government grants necessary concessions. Discussions are ongoing, with refiners calling for broader industry support and warning against focusing only on Dangote’s interests.