• About Us
  • Contact Us
  • Privacy & Policy
Sunday, June 8, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

NNPC Insists on N950/Litre for Dangote Refinery Product

Vincent Amadi by Vincent Amadi
February 27, 2025
in Economy
Reading Time: 3 mins read
A A
0
NNPC Insists on N950/Litre for Dangote Refinery Product
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram

The Nigerian National Petroleum Corporation has announced that it will sell petrol produced at the Dangote refinery in Lagos at a price of no less than 950 per litre.

NNPCL spokesperson, Olufemi Soneye, disclosed this on Monday in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’.

“The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.

“NNPC Ltd would also like to point out that as per the The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms length.

“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.

“The NNPC Ltd assures 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.”

The company later released an infographic showing that the minimum price of the product in Lagos and environs will not fall below $950.

It will be recalled that the Dangote Group on Sunday disagreed with the NNPCL, which sold PMS for $898 but did not publish a price list.

At this juncture, the loading of the first batch of petrol began at Dangote Refinery on Sunday.

NNPCL spokesperson Femi Sonye told Channels TV that 16.8 million litres of petrol have been removed from the refinery.

“We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N1,300 per litre or at N760 is incorrect.
“For this initial loading, the price from the refinery was N898 per litre. I can also confirm, in response to your inquiries, that we will receive 16.8 million litres.

“As of 4 pm Sunday, we have loaded about 70 trucks today and it’s still ongoing,” he said.

Last December, Dangote, one of Africa’s leading business leaders, began operations at the $20 billion, 350,000 barrels per day facility in Lagos.

The refinery, which faced regulatory difficulties initially, hopes to reach its full capacity of 650,000 barrels per day by the end of the year. The refinery has started supplying diesel, aviation fuel, and now gasoline to domestic wholesalers.

Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Dangote refinery is Tinubu’s brainchild – Aliko
Economy

Dangote refinery is Tinubu’s brainchild – Aliko

2 days ago
FG will revive cocoa industry – Shettima
Economy

FG will revive cocoa industry – Shettima

5 days ago
Nigerian companys take priority over foreign businesses with “Nigeria First Policy” 
Economy

Tinubu seeks $25 billion Nigeria-Morocco gas pipeline investment

5 days ago
Development bank disbursed N1 trillion to MSMEs – MD
Economy

Development bank disbursed N1 trillion to MSMEs – MD

1 week ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims
National

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

2 hours ago
June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 
National

June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

2 hours ago
Implement Uwais Report on Electoral Reform – Ag. Labour Party Chair tells FG
National

Implement Uwais Report on Electoral Reform – Ag. Labour Party Chair tells FG

2 hours ago
Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game
National

Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

3 hours ago
Donald Trump and Elon Musk fight dirty in heated online war
International

Trump warns Elon Musk of ‘serious consequences’ if he funds Democrats

3 hours ago
Traditional Superiority: Alaafin Denies Rift With Ooni Of Ife, During Visit To Oluwo
National

Traditional Superiority: Alaafin Denies Rift With Ooni Of Ife, During Visit To Oluwo

1 day ago

POLITICS

SDP Senator Leaves Party, Says He Can’t Stay In Same Party With El-Rufai

SDP Senator Leaves Party, Says He Can’t Stay In Same Party With El-Rufai

2 hours ago
Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

Matawalle to Gov Lawal: Join APC now, stop playing hide-and-seek game

3 hours ago
Akwa Ibom: Assembly Members, Others Rejects Eno’s Defection Order

Akwa Ibom: Assembly Members, Others Rejects Eno’s Defection Order

1 day ago
Breaking News: Akwa Ibom’s Umo Eno joins APC, dumps PDP.

Breaking News: Akwa Ibom’s Umo Eno joins APC, dumps PDP.

2 days ago
Don’t aspire to be President if you cannot resolve crisis in your “small party” – Akpabio challenges Peter Obi

`Please return home to our party,ʼ PDP begs Peter Obi

2 days ago
Group Fires Back At Wike Over Betrayal Allegations Against Makinde, Mbah.

Wike debunks existence of “Cabal” in Tinubu’s government

3 days ago

YOUR ECONOMY

Dangote refinery is Tinubu’s brainchild – Aliko
Economy

Dangote refinery is Tinubu’s brainchild – Aliko

2 days ago
FG will revive cocoa industry – Shettima
Economy

FG will revive cocoa industry – Shettima

5 days ago
Nigerian companys take priority over foreign businesses with “Nigeria First Policy” 
Economy

Tinubu seeks $25 billion Nigeria-Morocco gas pipeline investment

5 days ago
Development bank disbursed N1 trillion to MSMEs – MD
Economy

Development bank disbursed N1 trillion to MSMEs – MD

1 week ago
Becoming AfDB president greatest honour of my life – Adesina
Economy

Becoming AfDB president greatest honour of my life – Adesina

2 weeks ago
Dangote Refinery Drops Pump Prices Again with a Price Range between 875 and ₦905 Nationwide
Economy

Dangote Refinery Drops Pump Prices Again with a Price Range between 875 and ₦905 Nationwide

2 weeks ago

E & P

France beat Germany to third place at Nations League
Sports

France beat Germany to third place at Nations League

by Steven Atogi
3 hours ago
0

France had a terrible time against Spain last week in the nations league, losing 5-4 at the Semi-final. Spain's victory...

Breaking: Victor Osimhen to earn ₦4.7billion monthly at Al Hilal

Breaking: Victor Osimhen to earn ₦4.7billion monthly at Al Hilal

3 hours ago
Ballon d’Or: Ronaldo tips Dembele, Says Champions League Winner Should Be Crowned.

Ballon d’Or: Ronaldo tips Dembele, Says Champions League Winner Should Be Crowned.

1 day ago
Famous “Gwo Gwo Gwo ngwo” singer, Mike Ejeagha, dies at 95

Famous “Gwo Gwo Gwo ngwo” singer, Mike Ejeagha, dies at 95

1 day ago
Breaking: Al Hilal submits €70m proposal to Napoli for Osimhen

Breaking: Al Hilal submits €70m proposal to Napoli for Osimhen

1 day ago
God Has Chosen Davido to be  President of Nigeria – South Africa Based Nigerian Pastor John Anosike Prophesies

God Has Chosen Davido to be  President of Nigeria – South Africa Based Nigerian Pastor John Anosike Prophesies

2 days ago

YOUR THOUGHT & HISTORY

ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
3 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
5 months ago
The Transformative Power of AI in Revolutionizing Industries and Empowering Growth
Columns

The Transformative Power of AI in Revolutionizing Industries and Empowering Growth

by Blessing Chinyere Daniel
6 months ago
Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit
Columns

Navigating the Turbulent Terrain of Entrepreneurship: The Power of Tenacity, Growth Mind-set, and Grit

by Uloma Harrison-Ikenwanze
6 months ago
The Power of Data in Today’s World
Columns

The Power of Data in Today’s World

by Blessing Chinyere Daniel
6 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

Pastor Adefarasin denies trending firearm video, says he was hurt by false claims

June 8, 2025
June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

June 12: Pressure Mounts on Tinubu to Reinstate Suspended Fubara 

June 8, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address