Petroleum marketers have started lifting petrol from Dangote Refinery through the Nigerian National Petroleum Company (NNPC) Trading Limited at N765.99 per litre.
According to Adedapo Segun, NNPC’s executive vice-president, downstream, the product is subsidized, preventing marketers from buying directly from the refinery.
“The market value of PMS is still higher than what N766 or N765 or N799 that NNPC is selling,” Segun explained.
Some marketers, including 11plc, Total Energies, and AA Rano, have completed payment processes on the NNPC trading payment portal and commenced lifting petrol.
Tunji Oyebanji, 11Plc’s managing director, confirmed that some marketers have started lifting products at N765.99 from Dangote Refinery.
The development sparks debate about subsidy policies and market prices in Nigeria’s petroleum sector.
