Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that Dangote refinery will supply 25 million litres of petrol daily in September, this month.
NMDPRA said this in a post on social media in Tuesday.
Nigerian National Petroleum Company (NNPC) Limited has agreed to supply crude oil to Dangote refinery in naira, but so much back and forth has ensued with the NNPCL saying it has no crude to sell to Dangote an indigenous refinery In Nigeriawith a 650,000 daily capacity.
The authority posted, “At the NMDPRA headquarters in Abuja, NNPCL reach an agreement to commence crude oil sale and supply to Dangote Refinery in local currency.”
“The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September. And will subsequently increase this amount to 30 million liters daily from October 2024.”
Dangote refinery began petrol production officially on September 3, months after it initially announced it would begin production of petrol, also known as premium motor spirits (PMS).
Meanwhile Petrol is already being sold at 890 Naira for a liter today from 580 which it sold at NNPCL petrol stations in Lagos and Abuja.
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