BREAKING: NNPCL Confirms Buying 16.8 Million Litres Of Petrol From Dangote At N898 Per Litre

Published

2 years ago

September 15, 2024

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BREAKING: NNPCL Confirms Buying 16.8 Million Litres Of Petrol From Dangote At N898 Per Litre—-The Nigeria National Petroleum Company Ltd (NNPCL) has confirmed that it bought petrol from Dangote refinery at N898 per litre and has so far received 16.8 million litres of PMS.

In a chat with Nairametrics, the Corporate Communications Manager of the company, Olufemi Soneye stated that claims that it bought PMS at N1,300 or N760 were incorrect and the N898 was the current loading price.

He said, “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N1,300 per liter or N760 is incorrect. For this initial loading, the price from the refinery was N898 per liter. The price is determined by market forces. Its a deregulated market. I can also confirm, in response to inquiries, that we will receive 16.8 million liters.”

The NNPC began loading PMS from the Dangote refinery on Sunday 15th September, 2024 after months of delays both from the NNPC on the price and other business details and also the final work on the part of the refinery.

Before operations began, Femi Soneye, Chief Corporate Communications Officer (CCCO) of NNPC Ltd, announced on Saturday that by the end of the day, at least 300 trucks would be positioned at the refinery’s loading gantry, ready for the scheduled petrol loading on Sunday, September 15.

Backstory

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, recently announced that NNPCL would serve as the exclusive off-taker for refined petrol from the Dangote Refinery.

During the Technical Sub-Committee meeting on the sale of crude oil to local refineries in Naira, Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), representing the Finance Minister, explained that while diesel from Dangote Refinery would be available for purchase in Naira to any interested off-taker, PMS (petrol) would only be sold to NNPCL, which would then distribute it to various marketers.
Additionally, he confirmed the finalisation of agreements and procedures for implementing the Federal Executive Council (FEC) approval, which allows for the sale of crude oil to local refineries in Naira and the corresponding purchase of petroleum products in Naira. This decision was previously endorsed by the FEC under President Tinubu’s leadership.
The government explained that this initiative was designed to ease pressure on the Naira, cut down on unnecessary transaction costs, and enhance the availability of petroleum products across the country.

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BREAKING: PSG Set Up Arsenal Champions League Final After 6-5 Aggregate Win Over Bayern Munich

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18 minutes ago

May 6, 2026

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BREAKING: PSG Set Up Arsenal Champions League Final After 6-5 Aggregate Win Over Bayern Munich—-Reigning European champions Paris Saint-Germain have secured their place in yet another UEFA Champions League final after overcoming Bayern Munich in a fiercely contested semi-final clash.

Paris Saint-Germain have booked their place in the 2026 UEFA Champions League final after edging Bayern Munich 6-5 on aggregate in a dramatic semi-final clash.

The decisive moment came early in the second leg, when Ballon d’Or holder Ousmane Dembélé fired home from close range after being picked out by Khvicha Kvaratskhelia, giving PSG a crucial lead that ultimately proved to be the winner.

Despite the fast start, the game soon became defined as much by controversy as by clear-cut chances. Bayern were left frustrated after Nuno Mendes appeared to handle the ball while already on a booking, but the referee opted against issuing a second yellow card.

Further anger followed when another potential handball incident involving João Neves went unpunished, with officials ruling that the ball had deflected off a teammate in the build-up—therefore not meeting the criteria for a penalty.

Bayern, managed by Vincent Kompany, dominated large periods of the match and created several opportunities. Michael Olise and Jamal Musiala both came close, while goalkeeper Matvéi Safonov was called into action multiple times.

The German side eventually found the net through Harry Kane in stoppage time, but it proved too little, too late as PSG held on to secure their place in the final.

The result extends Bayern’s wait for another European title to six years, while PSG now have the opportunity to win back-to-back Champions League trophies, just a year after claiming their first.

Attention now turns to the final on May 30, where PSG will face Arsenal. The showdown promises high stakes, with either a historic first Champions League title for Arsenal or consecutive triumphs for the French giants on the line.

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BREAKING: Saka Fires Arsenal Into First Champions League Final in 20 Years

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1 day ago

May 5, 2026

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BREAKING: Saka Fires Arsenal Into First Champions League Final in 20 Years—-TCN reports that Arsenal have qualified for the 2026 UEFA Champions League final after a narrow victory over Atlético Madrid, with Bukayo Saka scoring the decisive goal.

Saka’s strike proved to be the difference as Arsenal secured a 1-0 win in the second leg, progressing 2-1 on aggregate following a 1-1 draw in Spain.

The result sees the North London club reach the Champions League final for the first time in two decades, marking a significant milestone in their European journey.

Arsenal will now face either defending champions Paris Saint-Germain or German giants Bayern Munich in the final scheduled for May 30.

This will be only the second Champions League final appearance in Arsenal’s history. Their first came in 2006, when they were narrowly defeated by FC Barcelona.

The Gunners will now be aiming to go one step further and claim their first-ever Champions League title.

Developing story…

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