The Nigerian National Petroleum Company Limited (NNPC Ltd) has released the estimated prices of Premium Motor Spirit (PMS), also known as Petrol obtained from the Dangote Refinery in its retail stations across the country, reports ITREALMS.
A press statement available to ITREALMS signed by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, disclosed they have released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.
Also, he said, NNPC Ltd reiterated that its purchases was in line with the provisions of the Petroleum Industry Act (PIA), which indicated that PMS prices are not set by the federal government, but negotiated directly between parties on an arms length.
Also, he said, NNPC Ltd reiterated that its purchases was in line with the provisions of the Petroleum Industry Act (PIA), which indicated that PMS prices are not set by the federal government, but negotiated directly between parties on an arms length.
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"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," he said.
The NNPC Ltd assured 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.
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