NNPC Lifts First Batch Of PMS From Dangote Refinery - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › NNPC Lifts First Batch Of PMS From Dangote Refinery (1263 Views)
| NNPC Lifts First Batch Of PMS From Dangote Refinery by alphonsojaybaz(op): 9:49am On Sep 15, 2024 |
NNPC lifts first batch of PMS from Dangote Refinery The Nigerian National Petroleum Corporation (NNPC) has removed its first batch of Premium Motor Spirit (PMS), also referred to as gasoline, from the Dangote Refinery, marking a significant step towards lowering Nigeria’s dependency on imported fuel. This is a critical juncture in the country’s efforts to secure energy security and increase domestic refining capability. Eyes Of Lagos reports, NNPC lifts first batch of PMS from Dangote Refinery PMS was produced earlier this year by Africa’s largest refinery, Dangote. The national oil corporation and the privately run refinery have launched a long-awaited partnership that is projected to drastically lower Nigeria’s fuel import cost. This relationship is marked by NNPC’s decision to remove PMS from the refinery. Sources within NNPC claim that the fuel lift is a component of a contract between NNPC and Dangote Industries Limited, under which the national oil firm has the legal right to buy a sizable portion of the refinery’s production. The goal of the action is to balance fuel demand in the nation with variations in the world market. Price of Dangote’s fuel Premium Motor Spirit (PMS) is expected to sell between N857 and N865 per litre as NNPCL begins lifting the product from the Dangote Refinery on Sunday 15th of September, 2024. NNPCL is anticipated to lift the product at N960/N980 per litre and sell it to marketers at N840/N850, enabling Nigerians to purchase it between N857 and N865 per litre at filling stations. However, it remains uncertain whether a uniform price will be applied nationwide. As of yesterday, petrol was sold for N855 per litre at NNPCL retail stations in Lagos, the lowest price available, while major marketers sold it for around N920. At independent marketers’ stations, prices exceeded N1,000, and in other parts of the country, PMS was selling for over N1,200 per litre. https://eyesoflagos.com/2024/09/15/nnpc-lifts-first-batch-of-pms-from-dangote-refinery/
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| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by Xscape1993(m): 9:53am On Sep 15, 2024 |
This is a welcome development. |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by Salewa97: 9:54am On Sep 15, 2024 |
Good news |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by SWriter(f): 9:59am On Sep 15, 2024 |
Lol sha |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by Elviento: 10:07am On Sep 15, 2024 |
This is what the government cannot do, nah one brain do am almost all alone except from investors funds. Energy and Data is the new gold, I pray and hope that the Port Harcourt refinery undergoing renovations begins to function with time. Nah Production go win am, make Emilokan dey pay 400 make Nigerians dey manage buy fuel for 400-450. Make we give Dangote subsidy money instead of Malta |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by Ttalk: 10:08am On Sep 15, 2024*. Modified: 10:40am On Sep 15, 2024 |
Good things is coming out of Nigeria after so many failed promises Now NNPCL can now burry their head in the sand for their crime against Nigeria people. Their gross ineptitude couple with their brazen sabotage will for ever hunt their generation. To all those who have mismanaged the affairs of NNPC right from inception, from the SW to SE to SS, NE, NC and NW, your generation will suffer the consequences of the great pain you inflict on Nigerians The present leadership of NNPCL who despite the fund allocated for turnaround maintenance could not deliver but continue to shift the commencement of operation date, Shane on you all. Kyari, you failed. Minister of State for petroleum, you failed. Tinubu, you failed for unable to put your house in order desoite the obvious failure of your appointee. This is a confirmation that the patriotism of all of you is for selfish and the peck of office and not to the salvage of this country. What Nigeria government have destroyed, is what one man have rebuild. Dangote effort have rendered all your certificate and power useless. You should be ashamed that with your momster teeth, you can only eat grass while Dangote with no teeth now swallow corn. All of you that have hand in destroying our refinery will perish with your loot 7 Likes |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by DatIgalaDude: 10:10am On Sep 15, 2024 |
we have very confused and fantastically corrupt people in our petroleum sector. NNPC has outlived it's usefulness to Nigerians. |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by LibertyRep: 10:12am On Sep 15, 2024 |
Of NNPC is selling the imported PMS at #855, how could it also sell the locally refined PMS from DRL at #855? Shouldn't the locally refined PMS be cheaper? |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by weyreypey: 10:53am On Sep 15, 2024*. Modified: 11:17am On Sep 15, 2024 |
alphonsojaybaz:NNPCL is lifting at 766. Stop lying
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| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by GOFRONT(m): 10:53am On Sep 15, 2024 |
NNPCL IS REALLY CORRUPT |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by olaiya2007(m): 11:46am On Sep 15, 2024 |
Finally |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by Shadomaan7: 11:54am On Sep 15, 2024 |
Good news. The refineries are coming up fully and the price of fuel will soon crash 3 Likes |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by Ttalk: 11:57am On Sep 15, 2024 |
Shadomaan7:Don't expect price to crash soon. What we should expect for now is naira appreciating in value 4 Likes |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by Gustavo356(m): 12:07pm On Sep 15, 2024 |
Hmmm |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by Quelme: 12:08pm On Sep 15, 2024 |
This is only posssible with TINUBU. Anything he touches turns to gold. People's president... |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by dododawa1: 12:33pm On Sep 15, 2024 |
Good new. Nigeria now has working refinery Bad new. The price is too much for Nigerians |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by mkasum(m): 12:33pm On Sep 15, 2024 |
Awesome |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by gaby(m): 1:01pm On Sep 15, 2024 |
They'd sell to independent marketers at #850. The pump price will surely hover around the #1k mark after the marketers build in their mark ups... |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by commoditiesnig(m): 1:15pm On Sep 15, 2024 |
Goodnews! Shadomaan7:Gbam! That's what folks haven't known yet Dangote already commenced PH will commence later this month/next Modular refineries commence say from Q4 With all these competitors, PMS prices is expected to crash in no time |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by kay10: 1:22pm On Sep 15, 2024 |
It will never be well with nnpc.How can you be selling fuel at #860 when it been refined here in nigeria. |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by idahme(m): 1:28pm On Sep 15, 2024 |
LibertyRep:If you understood Nigeria you are not normal  |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by gonkin(m): 1:41pm On Sep 15, 2024 |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by jchioma: 1:59pm On Sep 15, 2024 |
Premium Motor Spirit (PMS) is expected to sell between N857 and N865 per litre as NNPCL begins lifting the product from the Dangote Refinery on Sunday 15th of September, 2024. I’ve never seen a more complicated and complex country like Nigeria. Could this be the reason nnpcl increased the price to compliment the anticipated price to sell Dangote pms? |
| Re: NNPC Lifts First Batch Of PMS From Dangote Refinery by Gadafii: 2:43pm On Sep 15, 2024 |
I do not see how this make any sense? How's dangote fuel selling over 700 naira, locally even when we was buying imported fuel with subsidy at less than 200 naira  1 Like |
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