By Uzair Adam
The Federal Government has announced that petrol supply from Dangote Refinery will commence on Sunday, September 15, 2024, following a pricing and supply agreement reached between both parties.
During a press briefing in Abuja, Zacch Adedeji, a member of the Presidential Committee on the Sale of Crude Oil and Refined Products and Chairman of the Federal Inland Revenue Service (FIRS), revealed that the Nigerian National Petroleum Company Limited (NNPC) will serve as the sole buyer of petrol from the refinery.
Other marketers will purchase the product from NNPC.The agreement stipulates that starting October 1, 2024, NNPC will supply 385,000 barrels of crude oil per day to Dangote Refinery, with payments to be made in Naira.
In return, Dangote Refinery will provide petrol and diesel to the domestic market, with diesel available for purchase by any interested buyer, while petrol will be reserved exclusively for NNPC.
The deal is expected to alleviate the ongoing petrol shortages across the country and ensure continued subsidy payments on the product.
The Presidential Committee confirmed that the first batch of petrol from Dangote Refinery will be ready for loading on Sunday.